April 28 (Reuters) - Primewest Group Ltd PWG.AX :
* HAS MADE ITS FIRST INVESTMENT IN AUSTRALIA'S AGRICULTURAL SECTOR WITH ITS PRIMEWEST AGRICULTURAL TRUST NO 1 PURCHASING "PINEGATTA"
* NEWLY ESTABLISHED TRUST MANAGED BY PRIMEWEST PAID $4.8 MILLION TO ACQUIRE 425 HECTARE PROPERTY FROM RENNIE FAMILY