Units in Simon Owens listed retirement accommodation vehicle Ingenia jumped 13% this week, taking overall unit value growth for the past 12 months to 114%. It has gone from 18 cents to 38.5 cents. Also this week Ingenia commenced building 17 new homes in its recently acquired Gillieston Heights retirement village near Cessnock (NSW), now branded Settlers Ridge Estate, plus it commenced construction in Gladstone (QLD) of a three-storey/53 apartment tower titled The Rise. It is an extension of the existing Settlers Gladstone village.
Five Prime Trust directors found to a breach their duties when handing over $33 million to Bill Lewski
Corporate watchdog ASIC was successful in the Federal Court, obtaining a ruling that the five former directors of Prime Trust are liable for breaching their duties as officers of the trust APCHL. They agreed to the amendment of the Constitution of...