Ingenia Communities Group (ASX:INA) agreed to acquire Caravan Parks of Australia for AUD 110 million on November 1, 2021. In related transaction Ingenia Communities Group will acquire Seachange. The Equity Raising will be used to partially fund the acquisitions including Caravan Parks of Australia and Ingenia's current debt facility including new secured AUD 200 million debt facility . The transaction is expected to settle in November, 2021. The acquisition is immediately earnings accretive, providing stable permanent and annuals rental income with upside from tourism operations.
Ingenia Communities Group (ASX:INA) completed the acquisition of Caravan Parks of Australia for AUD 110 million on December 1, 2021.