
Cromwell may lose its founder as bitter fight for control drags on
Brisbane property fund Cromwell has signalled the end of managing director and founder Paul Weightman’s role with the company after 20 years.
Brisbane property fund Cromwell has signalled the end of managing director and founder Paul Weightman’s role with the company after 20 years.
Australian businessman Gary Weiss has raised questions over the Cromwell’s financial reporting as the two sides continue to contest ARA’s proportional takeover of the $2.6 billion Brisbane real estate company.
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The under-siege Brisbane property company, Cromwell Group, has splashed out $87 million to start a European logistics fund.
Singapore’s ARA has promised to dramatically reshape Brisbane-based Cromwell Property Group if it can get control of the company it said had become erratic and undisciplined.