Prime Trust has achieved $77 million from the sale of nine aged care facilities and four retirement villages to LLP, representing a 20% discount to their book value. At the same time Prime Trust and LLP settled their legal dispute over the management of 12 Prime villages by LLP. This included LLP granting an option to Prime Trust to buy the management rights for its 12 villages, that are core to its business, back from LLP for between $42 and $45 million.
The Weekly SOURCE
18,650 social and affordable homes funded as 370 homes set for repurpose
The Australian Government’s flagship Housing Australia Future Fund (HAFF) has agreed to fund 9,284 social and 9,366 affordable homes through 279 successful projects under the first two funding rounds of the HAFF and National Housing Accord Facility...