Highlights
• Acquires Sheldon Caravan Park located in metro Brisbane, located close to a major Westfield shopping centre
• Adds 276 sites with development upside
• Accretive to FY18 earnings
Ingenia Communities Group (ASX:INA) today announced that following completion of due diligence and final Board approval, the Group has exchanged unconditional contracts for the acquisition of Sheldon Caravan Park in Eight Mile Plains, Brisbane. The Park is the final acquisition that was originally announced on 3 May 2017 in conjunction with a fully underwritten $74 million capital raising.
The Group expects to settle the acquisition of the Park, which is located approximately 15 kilometres south east of the Brisbane CBD, at the end of August.
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