Primewest acquires GoFARM Asset Management in $10 million deal
- By: "Farm Tender" News
- Farm Tender, DelayPay & Farm Inputs
- Jun 20, 2020
- 821 views
- Share
Two days since announcing plans to create a new $300 million Australian neighbourhood retail property trust, property fund manager Primewest (ASX: PWG) unveiled the acquisition of GoFARM Asset Management, and by extension, real estate investment trust Vitalharvest Freehold Trust (ASX: VTH), for $10 million in cash.
Part and parcel of absorbing GoFARM is that Primewest also acquires a 11.8% strategic interest in Vitalharvest with an attached right of first refusal over a further 6.2% interest in the company.
Read the rest of the article here
Picture - Liam Lenaghan
Share Ag News Via