Jan 29 (Reuters) - Primewest Group Ltd PWG.AX :
* PREPARING FOR AN INITIAL PUBLIC OFFERING AND ASX LISTING OF A NEW REAL ESTATE INVESTMENT TRUST, PRIMEWEST COMMERCIAL REIT
* INTENDS THE FUND WILL INITIALLY OWN PORTFOLIO OF 4 OFFICE BUILDINGS, INDEPENDENTLY VALUED AT ABOUT $285 MILLION
* AT IPO FUND WILL HAVE AN INDICATIVE MARKET CAPITALISATION OF ABOUT $288 MILLION
* PRIMEWEST TO MAKE $43 MILLION CORNERSTONE INVESTMENT IN PRIMEWEST COMMERCIAL REIT & BEAR COSTS OF OFFER