babcock--brown-considers-aged-care-fund

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 conference in Sydney. Topfer told the audience that the time had come to increase the size of the business and generate greater cashflows û scale that would be achieved by establishing a managed investment vehicle....
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