ASX-listed fund manager Primewest has struck deals on $40 million of vineyards and orchards in South Australia and Victoria, in a significant boost for an unlisted portfolio it hopes to float this year.
The swag of deals includes the Piscioneri Vineyards and Citrus Plantation in Mildura and the Rullo Orchards in Shepparton. Together with acquisition of the Rolf Binder Winery and Vineyards in South Australia’s Barossa Valley, the three properties expand Primewest Agricultural Trust No. 1 to $86 million in assets.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
