Highlights
• Development approval received for 114 new home sites at Lake Conjola, two hours south of Sydney
• Provides significant return (development profit and ongoing yield) from expansion of one of the Groups largest communities
• First new home sales targeted for 2H18 – expressions of interest already in place
• Ingenia now has 2,350 development sites under ownership or option, of which 48% have all development approvals in place – underwrites near term growth.
Ingenia Communities Group (ASX:INA) today announced that approval has been received from Shoalhaven City Council for the addition of 114 new permanent homes and associated community facilities at the Group's Ingenia Holidays Lake Conjola.
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