This article is from the Australian Property Journal archive
THE parent company of Prime Retirement and Aged Care Property Trust’s responsible entity has received a notice of demand from its former founder, owner and managing director William Lewski.
Kidder Communities Pty Ltd, the parent company of Australian Property Custodian Holdings Ltd which manages PTN, has received a notice of demand in respect of a vendor loan facility entered into by KC in July 2008 with Daytree Pty Ltd which is an entity associated with Lewski.
The loan facility was to provide KC with finance to buy shares in the RE.
Lewski founded PTN in April 2008 step down and sold all his interests in the trust to Kidder Williams.
APCH said it is not aware of any impact of this notice on the operations of the trust or its retirement
villages.
Australian Property Journal
