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Cromwell Property Group

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

Back to profile2 entries

  1. 2020

    ARA takeover and foreign-investment controversy

    A proposed proportional takeover by Singapore-based ARA Asset Management prompted public calls for Foreign Investment Review Board intervention. Critics argued that the proposal should be examined under Australia's strengthened temporary foreign-investment rules introduced during the COVID-19 pandemic.

  2. 2020

    Boardroom conflict and executive departure

    The takeover contest produced significant boardroom tension and was followed by the retirement of co-founder and long-serving chief executive Paul Weightman. A change in the chairmanship followed in 2021.