Investment Matters

Company news: Ingenia Communities

Ingenia Communities is entering the Victorian MHE (manufactured home estate) market, with the acquisition of Lakeside Lara. Lakeside Lara is a large scale development situated on 8.3 hectares located 60 kilometres south west of Melbourne, with close proximity to five existing Ingenia Garden Villages (rental retirement units).  The acquisition will provide return through rental income of the 56 existing and occupied homes, sale and subsequent rent of the 13 completed and unsold homes, and development of 164 new sites (all with approvals in place).