Prime Assets in Double Play
Unitholders may be interested to read the following article from the Financial Review dated 7 June 2012. The article suggests that:
* Stockland and Retire Australia are potential candidates to acquire the seven Prime Trust retirement villages currently for sale;
* the simultaneous sale of distressed property debt by BOS International (Capital Finance) has created uncertainty amongst potential bidders;
* Lend Lease Primelife will not be bidding for the villages; and
* a short-list of two to three bidders may be announced shortly.