Ingenia Announces Non-Core Assets Divestment | Finance News Network

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Ingenia Announces Non-Core Assets Divestment

Highlights

- Divestment of three non-core assets, including the Group’s largest remaining DMF asset

- Releases gross sale proceeds of $17 million for reinvestment into the Group’s development pipeline

Ingenia Communities Group (ASX:INA) today announced that the Group has exchanged contracts for the sale of three non-core assets, with settlement expected to occur at the end of January 2018.

The sales are consistent with the Group’s focus on divesting non-core assets in order to redeploy capital into higher growth lifestyle development projects.


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