Babcock & Brown considers aged care fund
AustraliaÆs listed trust specialist identifies its next venture û bringing together its troubled Primelife assets in a managed fund.
Australian investment company and infrastructure accumulator Babcock Brown says it will establish a managed investment vehicle to house its retirement village and aged care assets, a move that may bring a listing on the Australian Stock Exchange.
The deal will see Babcock Brown gather together various investments that it has made with Primelife which specializes in aged care housing and nursing homes.
The announcement was made by the firmÆs head of corporate finance, Rob Topfer, at the UBS Financial Services...
To continue reading, please login or register for free