On Monday Ingenia purchased The Grange Village at Morisset with 145 homes plus 30-40 development sites for $10M, and on Wednesday they purchased nearby Ettalong Holiday Village with 85 existing units and space for 28 more. Purchase price $2.1M. At the same time Ingenias Tony Massaro finalised the acquisition of a third village form Mike Bozells rental village group, this one in Tamworth.
As part of their Half Year results Ingenia revealed it had conducted external valuations of 18 of its villages. Its rental villages were devalued by 1.3% and their DMF villages, which are located mainly in QLD and WA, had valuations reduced by 5.4%. Are valuers in touch with increasing sales?
Opinion
Three big questions the Budget must answer for aged care sector executives to move forward. Time for bravery?
With the Federal Budget now just 12 days away, there remains several unanswered questions that are weighing on boards and executives across the aged care sector. Despite the Aged Care Taskforce, chaired by the Aged Care Minister Anika Wells, handing...
