Eureka Villages WA Fund managed by Eureka Group Holdings, Investment arm agreed to acquire Portfolio of six seniors rental villages located in Western Australia from Ingenia Communities Group (ASX:INA) for AUD 44 million on November 8, 2023. The Fund will acquire the Portfolio and fund associated transaction costs using equity and a stand-alone debt facility of AUD 21 million. The Fund is raising AUD 28.5 million from professional and wholesale investors. Completion of the transaction is due to occur in early December 2023. The acquisition is immediately earnings per share accretive for Eureka and strengthens Eureka?s income streams and FY24 outlook.

Eureka Villages WA Fund managed by Eureka Group Holdings, Investment arm completed the acquisition of Portfolio of six seniors rental villages located in Western Australia from Ingenia Communities Group (ASX:INA) on December 7, 2023.