Lifestyle Communities Purchase a New Site in Pakenhamv

  • Feb 16, 2020 AEDT
  • Team Kalkine

Lifestyle Communities Limited (ASX: LIC) has executed a conditional contract of sale for a site located in Pakenham, Victoria and the land settlement is expected to occur during 1H2022 with construction likely to commence right afterwards.

With the acquisition, LIC portfolio will increase by ~175 home sites to 3,960, including sites in planning, development or under management.

The first delivery to customer home settlements is expected in the 2023 financial year.


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