The land lease developer is advancing its expansion plans, purchasing two communities with 555 long-term sites. 488 are occupied with a pipeline of 67 development sites approved.
In line with the acquisition, Gateway has also increased its syndicated debt facility limit to $280 million and extended the tenure on a $70 million tranche to February 2020.
The Group says its gearing is now expected to stay within its target range of 25-35%.