Prime Trust raises $100 million in 7 business days. Now 3rd biggest owner nationally

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Melbourne based Prime Trust raised $100 million in its first offering to the public in just 7 days, demonstrating the strength of the retirement village industry as a new investment sector. They also have a new Chairman, being Dr Michael Woodridge who many will remember as an early Howard Government Health Minister.

Prime Trust now has 4,600 ILU’s and 780 aged care beds, all acquired over the past 5 years. Another 1,800 are in the development pipeline.