Ingenia Communities Group set to raise $131.1 million to fund acquisitions

Company News

by Rachael Jones

Ingenia Communities Group (ASX:INA) hopes to raise $131.1 million to fund acquisitions and accelerate growth.

The majority of the funds raised will be used to grow the Group’s lifestyle and holidays portfolio through the acquisition of six assets , including three established communities.

The identified acquisitions have a total purchase price of approximately $102.7 million.

Shares in Ingenia Communities Group (ASX:INA) last traded at $4.05.
 

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