Ingenia Communities Group (ASX:INA) agreed to acquire Seachange's Portfolio Of Six Lifestyle Communities for AUD 270 million on November 1, 2021. In related transaction Ingenia Communities Group will acquire Caravan Parks of Australia for AUD 110 million. 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.
Ingenia Communities Group (ASX:INA) completed the acquisition of Seachange's Portfolio Of Six Lifestyle Communities on November 30, 2021.