Eureka Group Holdings
(ASX:EGH) says it has settled on the $4 million Wynnum village purchase on the outskirts of Brisbane.
The property asset manager has also gone unconditional on the 80 unit Terranora village at Tweed Heads with a purchase price of $7 million.
Both villages are located in major retirement areas and are fully occupied with long waiting lists. The two purchases also offer significant development opportunities for the future with balance land providing room for dozens more units.
Eureka says it is continuing on the path of growth through acquisitions with a pipeline of opportunities in its sights.
Eureka Holdings reported a net profit of $3.11 million for the 2015 financial year.
