Raptis Group Limited (ASX : RPG) agreed to acquire WaterPoint Residences for AUD 6.01 million on April 30, 2020. Raptis Group Limited proposes to secure a beneficial interest in the “Waterpoint Residences” management rights business near Harbour Town on the northern gold coast. Consideration payment to comprise AUD1.8 million in cash and borrowing from Raptis Private Family interests of the balance of funds required for a period of five years at 5% per annum. The deal is subject to approval of offer by acquirer shareholders. Grant Thornton Corporate Finance Pty Limited acted as fairness opinion provider to Raptis.