Ingenia to expand with acquisition of Eighth Gate Capital Management
Highlights
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Conditions precedent met for acquisition of funds and asset management business (Eighth Gate Capital Management)
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Ingenia to invest $19.6 million to acquire the operating business and an interest in the Funds
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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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