Opportunities for wood-built assets as techniques improve

Sydney-listed Cromwell Property Group has about €7.7 billion of assets under management in Australia and Europe where it is present in 11 countries. A number of its funds have reached the end of their lives and the company is reshaping the business towards investment management, fund management as well as asset management and private equity investment, explains Pertti Vanhanen, Cromwell’s MD, Europe.

Newer funds include a core-plus logistics fund, a German light-industrial fund, a Polish shopping centre and retail portfolio that will be the basis of a fund and recently launched a pan-European wooden building fund in a joint venture.

“We will see a lot of opportunities because there’s more engineered wooden products available to build those wooden structures and a lot of construction companies have learned how to build wooden buildings in a more efficient way,” Vanhanen told Real Asset Insight’s Richard Betts.