Ingenia purchases Dubbo village in receivership for $2.45 million – forecasting 17% IRR

Ingenia Chief Operating Officer, Nikki Fisher, has negotiated the acquisition from receivers a 54 unit rental villages for $2.45 million. It is adjacent to Ingenia’s own 52 units Dubbo rental village. The deal has taken 12 months to finalise. The acquired village has just 57% occupancy compared to Ingenia’s village at 95% occupancy. Achieving the same high level will deliver Ingenia a 17% internal rate of return on funds within 12 months.