Highlights
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Proposed acquisition of funds and asset management business (Eighth Gate Capital Management) with approximately $140 million in assets under management
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Adds 759 permanent homes and 844 holiday sites, increasing lifestyle sites under management by more than 26%
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Extends Ingenia’s clusters in NSW and South East Queensland and provides market leading entry into Victoria
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Ingenia to invest up to 20% in the Funds, providing alignment with Fund investors and access to underlying real estate returns
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Transaction immediately accretive and to be funded internally
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Settle 336 new homes for FY19 and confirms results at upper end of guidance range
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