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Ingenia Communities Group Limited (ASX:INA) has inked a deal to buy a $12 million site in a growing residential precinct in Sydney, New South Wales.
The real estate investment group says the conditional contract is to acquire an additional park called the Sydney Hills Holiday Park located in the Hills district.The Park consists of 65 permanent and 63 short term sites with further upside identified but the acquisition remains subject to due diligence and board approval.Managing Director and CEO Simon Owen says the company expects to announce additional acquisitions in the coming months.Ingenia Communities Group reported a net profit of $11.51 million in the 2014 financial year.
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$5.02 |
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Mkt cap ! $2.046B | |||
| Open | High | Low | Value | Volume |
| $4.96 | $5.09 | $4.94 | $3.967M | 788.6K |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 5877 | $5.01 |
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| Price($) | Vol. | No. |
|---|---|---|
| $5.04 | 362 | 1 |
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