- Eureka Group Holdings (EGH) has agreed to purchase a seniors’ rental village in Ipswich, south-east Queensland, for $6.5 million
- The village, dubbed Gainsborough, has full capacity for 106 relocatable homes, however it currently includes 59 one and two-bedroom homes
- The 9.4-hectare site is 8 kilometres from Ipswich City centre and Ipswich Hospital
- Ipswich is a rapidly growing city with a population approaching 250,000 people
- At market close, Eureka is up 3.45 per cent and is trading at 60 cents per share
Eureka Group Holdings (EGH) has agreed to purchase an established seniors’ rental village in Ipswich, south-east Queensland, for $6.5 million.
The village, dubbed Gainsborough, has full capacity for 106 relocatable homes, however, it currently includes 59 one and two-bedroom homes.
The 9.4-hectare site is located 8 kilometres from Ipswich City centre and Ipswich Hospital.
Ipswich is a rapidly growing city with a population approaching 250,000 people.
The company said of the purchase: “This acquisition gives Eureka an increased presence in Ipswich, an area which has potential for Eureka to expand its seniors’ independent rental living offering over time.”
“The acquisition is consistent with Eureka’s strategy to grow its core operations through acquisition and build-to-rent development of greenfield and brownfield assets.”
At market close, Eureka was up 3.45 per cent and is trading at 60 cents per share.