INGENIA COMMUNITIES

INA
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Ingenia Communities Group agreed to acquire a Portfolio Of Five Coastal Holiday Parks.

05/02/2021 | 06:00pm
Ingenia Communities Group (ASX:INA) agreed to acquire a Portfolio Of Five Coastal Holiday Parks on May 3, 2021. In a related transaction, Ingenia Communities Group entered into an unconditional contract to acquire a 16.2-hectare parcel of ocean-front land in Bargara, Queensland on May 3, 2021. The combined deal value of both the transactions is AUD 40 million. The transaction is expected to be completed in July 2021. The transactions will offer a combination of immediate earnings accretion and approved development.
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