Ingenia Communities Group (ASX:INA) provided trading and acquisition update
- Rental inflows from lngenia Lifestyle & Gardens residents remain unaffected and Ingenia Gardens is presently operating at record high occupancy.
- Holiday communities in New South Wales and Queensland would reopen during June 2020. INA noted strong forward bookings.
- New home settlements in progress. INA expects 300 plus settlements for FY2020 along with additional 175 agreements & deposits in place for FY2021.
- Exchanged contracts for the first two acquisitions totalling ~ $33 million which would be financed from the funds raised via Equity raising.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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