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Primewest boosts rural fund with $40m in deals as IPO beckons


Primewest boosts rural fund with $40m in deals as IPO beckons
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ASX-listed fund manager Primewest has struck deals on $40 million of vineyards and orchards in South Australia and Victoria, in a significant boost for an unlisted portfolio it hopes to float this year.
The swag of deals includes the Piscioneri Vineyards and Citrus Plantation in Mildura and the Rullo Orchards in Shepparton. Together with acquisition of the Rolf Binder Winery and Vineyards in South Australia’s Barossa Valley, the three properties expand Primewest Agricultural Trust No. 1 to $86 million in assets.
David Schwartz is leading Primewest s expansion into the agricultural sector.  ....

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