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Primewest, trading under the code PWG, is listed on the Australian Securities Exchange. The company listed on 8th November 2019.
Primewest is structured as a stapled group comprising Primewest Group Limited and Primewest Property Fund and their controlled entities. Shares in Primewest Group Limited and Units in Primewest Property Fund are stapled together to form a stapled security, such that a Share in Primewest Group Limited and a Unit in Primewest Property Fund must be purchased or sold together.
ABOUT PRIMEWEST (PWG)
Primewest is one of Australia’s leading private estate funds management businesses, managing $4.6 billion of Assets Under Management across 7 asset classes. The company has a strong and loyal investor network, with over 700 underlying wholesale and high-net-worth investors.
Primewest operates in the real estate funds management sector. This involves sourcing, acquiring, managing and disposing of real estate assets on behalf of investors. Real estate funds management is attractive to private high-net-worth and institutional investors because it allows these investors to acquire an interest in larger assets or diversify their investment exposure, which might not be possible if an investor invested directly.
STAPLED SECURITY SUMMARY
|STAPLED SECURITY- 1 share in Primewest Group Limited (ACN 636 344 137), and
– 1 unit in Primewest Property Fund (ARSN 636 405 635)
|STOCK CODE (TICKER)PWG|
|SECTORReal estate funds management|