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.

 

AFR Article-7 Jun 2012 -jpg AFR-Article-7-June-2012