Simon Owens Ingenia continues its manufactured Home Estate expansion by acquisition. It has finalised the purchase of the OK Caravan Park at Rouse Hill, 45 kl North West of the CBD. Ingenia paid $6.8M which delivers 120 permanent homes and 10 short term sites. Development potential exists for 2 more sites.
The ingoing yield is reported at 8.7% and IRR of 15%.


RIP: We are seeing the death of the family-run aged care operator
It feels like I am writing an obituary to family-run aged care facilities. Once the backbone of the sector, multi-generation operators are now selling out at a pace not seen before. The sell-off is accelerating, with three landmark deals in just two...
