INGENIA COMMUNITIES

INA
End-of-day quote. End-of-day quote  - 11/26
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Ingenia Communities Group signed a contract to acquire Nature's Edge and BIG4 Townsville Woodlands Holiday Park in Queensland for AUD 65.9 million.

02/23/2021 | 12:00am
Ingenia Communities Group (ASX:INA) signed a contract to acquire Nature's Edge and BIG4 Townsville Woodlands Holiday Park in Queensland for AUD 65.9 million on February 23, 2021. Nature’s Edge the acquisition includes The Village Forest Glen (comprising 51 permanent homes) and the Forest Glen Holiday Resort, which currently forms part of the approved 68-home expansion of Nature’s Edge. On completion the community will comprise 300 permanent homes, providing a significant rental base. The transaction is expected to close by late March 2021. The transaction is immediately earnings accretion.
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