Advised ESR Group Limited on the disposal of ESR’s 30.7% stake in ASX-listed Cromwell Property Group (Cromwell) in two tranches.
The sale was executed in two tranches. The first tranche was a selldown by way of an underwritten block trade of 10.8% of Cromwell for A$93 million. The second tranche was the subsequent sale of its remaining 19.9% strategic stake in Cromwell to funds managed by Brookfield Asset Management for A$197 million.