Ingenia talks acquisition of Cairns Coconut Holiday Resort

Interviews

by Carolyn Herbert

We are delighted to announce that we have exchanged unconditional contracts to acquire the highest rated, most profitable caravan and tourism park in Australia, which is the Cairns Coconut Holiday Resort in North Queensland.

It is a very large park comprising 118 premium tourism cabins, 207 caravan and camping sites and in addition to that there are 35 permanent homes on site so its a very large acquisition.

What's also very exciting is that with the acquisition there is also the ability to add in upwards of 30 new permanent homes or tourism cabins and we expect that we will be able to generate over a 20 per cent return on additional capital we invest into the park.

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