Primewest has secured a second property in its recently established Primewest Agricultural Trust No 1 purchasing "Lamattina" on Victoria's Mornington Peninsula. The trust paid $42 million for the 385 hectare property, which is one of the largest land holdings and most significant "high value food" producers on the Peninsula. Primewest aims to add further high quality agricultural properties to the fund creating a diversified range of assets valued up to $100 million.