----

----

| x      | ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|--------------------------------------------------------------------------------|
|   |                                                                           |
|   | For the fiscal year ended  July 31, 2012                             |
|   |                                                                           |
| o      | TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT     |
|   |                                                                           |
|   | For the transition period from _________ to ________                           |
|   |                                                                           |
|   | Commission file number:  333-162597                                  |

| Nevada                                                         |   |  27-0611758                     |
|----------------------------------------------------------------|--------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (I.R.S. Employer Identification No.) |
|                                                           |   |                                 |
| 200 South Wacker Drive, Suite 3100, Chicago, 60606, IL.        |   | 60606                                |
| (Address of principal executive offices)                       |   | (Zip Code)                           |

| Title of each class |   | Name of each exchange on which registered |
|---------------------|--------|-------------------------------------------|
| None                |   | not applicable                            |
| Title of each class            |   | Name of each exchange on which registered |
|--------------------------------|--------|-------------------------------------------|
| Common Stock, par value $0.001 |   | not applicable                            |

| Large accelerated filer | o | Accelerated filer         | o |
|-------------------------|---|---------------------------|---|
| Non-accelerated filer   | o | Smaller reporting company | x |

----

----

----

----

| Exhibit No. |   | Document Description                                                                                                                                                                                                             |
|-------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|        |   |                                                                                                                                                                                                                             |
| 10.1        |   | SHARE CONTRIBUTION AGREEMENT WITH MAINLINE LAND CO., LLC DATED SEPTEMBER 25, 2012, FILED AS AN EXHIBIT TO FORM 8-K FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON SEPTEMBER 27, 2012 AND INCORPORATED HEREIN BY REFERENCE. |
|        |   |                                                                                                                                                                                                                             |
| 31.1        |   | CERTIFICATION of CEO PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002. *                                                                                                 |
|        |   |                                                                                                                                                                                                                             |
| 31.2        |   | CERTIFICATION of CFO PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002. *                                                                                                 |
|        |   |                                                                                                                                                                                                                             |
| 32.1        |   | CERTIFICATION of CEO PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEYACT OF 2002                                                                                                     |
|        |   |                                                                                                                                                                                                                             |
| 32.2        |   | CERTIFICATION of CFO PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEYACT OF 2002                                                                                                     |

----

|                    | Prime Estates and Developments, Inc. |                                 |
|-------------------------|--------------------------------------|--------------------------------------|
|                    |                                 |                                 |   |
| Date: February 15, 2013 | By:                                  |  /s/ Panagiotis Drakopoulos     |   |
|                    |                                 | Panagiotis Drakopoulos               |   |
|                    |                                 | Chairman and Chief Executive Officer |   |
|                    |                                 |                                 |   |

| Date: February 15, 2013 |   | /s/Vasileios Mavrogiannis             |   |
|-------------------------|--------|---------------------------------------|--------|
|                    |   | Vasileios Mavrogiannis                |   |
|                    |   | Chief Financial Officer and Director  |   |
|                    |   |                                  |   |
|                    |   |                                  |   |
| Date: February 15, 2013 |   | /s/  Panagiotis Drakopoulos |   |
|                    |   | Panagiotis Drakopoulos                |   |
|                    |   | Corporate Secretary and Director      |   |

----