Asset Management

Cromwell operates a 'Tenant is King' philosophy when it comes to asset management, because we believe that good relationships are the foundation of a strong and sustainable business.

The primary goal of our UK asset management team is to build long term, mutually beneficial relationships with our tenant customers.  This enables Cromwell to understand our tenants’ needs and flexibly meet their requirements. With approximately 9 assets in the UK, we are able to accommodate tenants in many different parts of the country.

Our asset managers also set bespoke annual business plans for all assets and continuously review progress of every asset, in line with our investment strategy. Budgets, forecasts, plans and performance reports are prepared in a transparent and consistent manner to ensure all assets are managed efficiently and that we effectively maximise investment performance through:

  • rent and service charge collection;
  • report on rent arrears, bailiff cases, rent indexation;
  • maintenance programmes and budgets;
  • lease compliance;
  • handover of units at lease start and finish;
  • information reporting to Asset Management; and
  • insurance.

Talbot Green Town Centre Development, South Wales

Talbot Green Town Centre Development is a major new retail-led regeneration development to create a new town centre for the communities of Llantrisant, Talbot Green and Pontyclun, South Wales. 

Plans for the development include over 300,000 sq ft of new retail, leisure and commercial accommodation. This major new investment project is being built mainly on brownfield land, including the sites of two former factories. It will boost the local economy and create up to 1,900 new jobs.  

In conjunction with our JV partner, Scarborough Development Group, our UK development team has secured planning consent and exchanged contracts with Sainsbury’s for the development of a 116,000 sq ft supermarket, as part of phase one of the development.  

Infrastructure works providing new access arrangements and preparing the site for construction have been completed. It is anticipated that construction of the centre will commence in the summer of 2017, with an anticipated two year period to achieve completion and centre opening in 2019.

The development JV has also been appointed on behalf of the Welsh Government, to bring forward 50 acres of residential development at nearby Cefn yr Hendy, Miskin, which forms part of the overall regeneration plan for Talbot Green.