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%.
Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania
Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...