Business
Why the Primewest (ASX:PWG) share price is soaring 6% higher today // Motley Fool Australia
The Primewest Group Ltd (ASX: PWG) share price is up by more than 6% in late afternoon trading.
This follows on the company releasing a takeover announcement for its wholly owned subsidiary, Vitalharvest Freehold Trust (ASX: VTH).
Today’s gains have seen the Primewest share price return to just a 4.2% loss year-to-date. Vitalharvest’s share price is up 28.0% so far in 2020.
By comparison the All Ordinaries Index (ASX: XAO) is down 1.3% since 2 January.
What do Primewest and Vitalharvest do?
Established in 1995, Primewest is an Australian property fund manager. The company has over $4.6 billion of assets under management across Australia and in the United States. Primewest manages retail, industrial, commercial, residential, and…
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