Ingenia sells noncore rental village wants assets that exceed 20%pa return
The ex ING village operator Ingenia, is selling its 65 ILU rental village located in Corio (VIC) and named Lovely Banks Gardens, for $3.1 million (a 6.8% premium to book valuation). Ingenia CEO, Simon Owens, explains the village was returning less...
The ex ING village operator Ingenia, is selling its 65 ILU rental village located in Corio (VIC) and named Lovely Banks Gardens, for $3.1 million (a 6.8% premium to book valuation). Ingenia CEO, Simon Owens, explains the village was returning less than 8%pa and is highly management intensive. He intends redeploying the capital to generate more than 20%pa.
