BRISBANE: Eureka Group Holdings Ltd. announced Thursday it has entered into contracts to acquire a portfolio of six lifestyle and mixed-use communities in New South Wales for $123.8 million, a move the company described as transformational for its growth and scale. The acquisition, which includes 953 sites across Greater Sydney, the Central Coast, Hunter Valley…
SYDNEY: Ingenia Communities Group announced Wednesday a proposed acquisition of Peet Limited, a deal valued at approximately $1 billion that would create one of Australia’s largest residential development platforms. The transaction, structured as a scheme of arrangement, offers Peet shareholders $0.68 cash and 0.3367 Ingenia stapled securities per share. Based on Ingenia’s 10-day volume-weighted average…
SYDNEY, AUSTRALIA: Stockland Corporation has entered into binding agreements to acquire Queensland based Halcyon Group’s land lease communities business for $620 million plus transaction costs and subject to certain adjustments at completion, a news release said. The transaction includes the acquisition of 3,800 sites across13 land lease communities, made up of six established land lease…