Prime Trust CEO invests in himself

Mar 02 2009 Updated July 4, 2023

The Weekly Source

1 min read

While small in value, Prime Trust CEO Philip Powell made two purchases in his own name of units in Prime Trust this week, taking his holding from 30,000 to 135,000 units.

VCAT rules Lifestyle Communities’ DMF model illegal

Lifestyle Communities’ business model is under serious threat after a ruling by VCAT President Justice Ted Woodward found its exit fee structure to be illegal. The ASX-listed land lease operator, which was valued at $861.9 million and placed in...

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Ian Horswill

07 Jul 2025

Opinion

What does the ‘voiding’ of the land lease DMF in Victoria mean for retirement villages?

By our calculation up to 35-40% of retirement village contracts could have their DMFs voided as well if applied across the country. We can’t see this actually happening but we do believe lawyers received a mid year Christmas present yesterday when...

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Chris Baynes

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Mergers & Acquisitions

“Aveo is a fantastic business, run by a fantastic management team”: Scape CEO Stephen Gaitanos backs landmark $3.85B acquisition

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Ian Horswill

30 Jun 2025

Community Living

Catholic Healthcare investing $600M to build connected communities across NSW

One of Australia’s largest Not For Profit providers of home care, residential care and retirement living services, is investing over $600 million over the next five years in five innovative connected communities in New South Wales. “We’ve spent...

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Ian Horswill

07 Jul 2025

St Bart’s proposed 80-bed Perth aged care home for the homeless one step closer

Western Australia’s Metro Inner Development Assessment Panel has recommended approval of St Bart’s aged care facility on Brown Street, East Perth, which will provide 80 aged care beds for people over 50 who have a history of homelessness.

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Caroline Egan

09 Jul 2025

Development

Mercy Community opens $41M aged care home in Rockhampton, QLD

Queensland faith-based operator Mercy Community has held an official opening of its three-storey, 90-bed Mercy Haven aged care facility in Rockhampton, QLD, with CEO Justin Lorenz leading guests on a guided tour.

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Community Home Australia opens supported living opposite Westmead Hospital in Sydney’s West

Dementia care and disability support provider Community Home Australia has opened ‘Kora House’, a four-storey, 18-studio supported living facility across the road from Westmead Hospital, with 150 applications so far.

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Caroline Egan

09 Jul 2025

Development

SA NFP Barunga Village Inc’s $24M 5-year masterplan dependent on Govt funding

The South Australian Not For Profit provider has unveiled an ambitious five-year masterplan of its aged care site in Port Broughton, 175km northwest of Adelaide.

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Caroline Egan

09 Jul 2025