Melbourne boutique investment bank Kidder Williams bought control of Prime Trust last year. A subsidiary of Kidder Communities will now start a new company to manage the 12 rental villagers that Prime Trust took back from the original Village Life group (now called Fig Tree). This will be particularly challenging given the historic tight margins of the rental model combined with falling occupancy levels of some Prime Trust rental villages.
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$36M Resthaven Bellevue Heights redevelopment in Adelaide opens doors
The South Australian Not For Profit provider has opened Stage 2 of the redevelopment of Resthaven Bellevue Heights in Mitcham, 7km south of Adelaide’s CBD.