MAAS Group Holdings Limited advised of the acquisition of a premium high profile medium density residential development site in the fast growing regional NSW town of Orange. The site is centrally located within 500m of the CBD, set amongst a hybrid country /metro lifestyle precinct, and surrounded by heritage lined streets in the city's most desirable location in the culturally rich town of Orange. The acquisition is expected to settle in March 2022, and is being acquired from the Orange City Council, and will be funded from existing cash and debt facilities. The site acquisition is not material with purchase consideration of less than $5m but the project is expected to deliver material earnings as the site is developed and delivered in stages over the coming years. Further details of the new acquisition are contained in the attached Real Estate Acquisition presentation.