Investment Management

Cromwell’s approach to investment management is driven by our bottom-up House View process which clearly defines what we believe are the compelling investment opportunities within the markets in which we operate.

Our Investment Management team keeps a close eye on the local market, to strategically source and transact on opportunities within the Nordics with the goal of maximising returns for our investors.

Our structured investment method encompasses thorough local market and economic research, tenant information and property analysis which is managed through a vigorous and detailed technical, environmental, financing, structuring and legal due diligence process.

We proactively approach owners, developers and municipalities in the Nordic market, as well as maintaining excellent relationships with national and local brokers, to source deals where we can “buy smart, add value, sell smart”.

In the Nordics we are currently actively seeking high quality real estate investments in the office, retail and industrial distribution warehouse / smaller logistics sectors.

To understand more about our investment criteria, please contact our Nordic team here.

Kefren Properties

Kefren Properties was a bank workout mandate where Cromwell was appointed by Barclays Capital and the Sponsor to manage a sell-down and auction process of a portfolio, due to a stressed ICR, in a part CMBS structure with LTV default. 

The portfolio comprised 150+ mixed use assets located throughout Sweden, totalling 830,000 sq m and accommodating in excess of 2,100 tenants. 

Having been appointed in April 2010, the Swedish asset management team had sold all of the assets by December 2011, undertaking 445 new lettings and lease renewals (totalling 176,000 sq m) during this 18 month period. This leasing activity generated new and renewed annual rental income of €13.6 million, equating to a 16% increase, and occupancy in the portfolio was increased by more than 21%. 

The outcome for the Kefren Properties bondholders was full recovery of the Senior Loan and part recovery of the Junior Loan, returning €450 million to debt holders.