Ingenia Communities Group announced the acquisition of two large, established communities located in Victoria and on the NSW Mid-North Coast. The acquisitions, which are scheduled to settle prior to year-end, have a total cost of $53.4 million. Acquisition of BIG4 Inverloch Holiday Park, Victoria: Ingenia has entered into an unconditional contract to acquire a unique tourist icon located in Inverloch, Victoria. Representing Ingenia's first Holiday asset in the Victorian market, BIG4 Inverloch is located in the Gippsland region of Victoria on Anderson Inlet/Inverloch, a renowned scenic holiday and fishing destination. The Park enjoys waterfront access and has won multiple awards recognising the high level of amenity and facilities it offers. BIG4 Inverloch Holiday Park is located on 8.4 hectares and includes 430 income producing sites with diverse accommodation. The Holiday Park (on freehold land) has 50 cabins/units/glamping tents, 103 annuals and 80 powered sites. The leasehold Foreshore Camping includes 197 powered and unpowered sites. The Crown lease is subject to two 5-year extensions. Resort style facilities include an indoor pool and water park, making the Park attractive all year round, as well as a camp kitchen, children's adventure playground and a range of leisure facilities. Acquisition of Middle Rock Holiday Park and Village: Settlement of Middle Rock Holiday Park and Village, a 287-site established mixed-use community, is anticipated to occur prior to Christmas. Expanding Ingenia's presence on the NSW Mid-North Coast, the asset is located at One Mile Beach, in an established cluster which includes Ingenia Holidays One Mile Beach and Ingenia Lifestyle Latitude One. One Mile Beach is a renowned holiday destination, located within two hours of Sydney and 40 minutes of Newcastle. The Park is located on 7.26 hectares comprising a holiday park of 213 cabins, sites and annuals and a residential village of 74 permanent homes. The holiday park facilities include an outdoor pool complex, barbeques, jumping pillow, playground and café. The Park provides reconfiguration and refurbishment opportunities to enhance returns. The lifestyle community comprises 74 permanent sites, with a private pool and community hall for residents' exclusive use.