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Eureka Group Holdings Limited (ASX:EGH)

ALERT: Price-sensitive ASX Announcement for EGH
Current share price for EGH : $0.595 0.025 (4.39%)+
Announcement
Release
22 Apr 2026 10:17AM
Price at Release
$0.570
Full Release
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Summary
Eureka Group Holdings Limited (EGH) announced the acquisition of two rental communities on the Victorian East Coast: Frenchview Lifestyle Village and Paynesville Holiday Park. The acquisition includes a total of 199 sites, with an expansion potential through site reconfiguration and densification. Frenchview was acquired for $7.5 million with an initial yield of 7.9%, while Paynesville was acquired for $6.6 million with a 7.6% yield. These acquisitions increase EGH's rental portfolio by approximately 17%, and are part of a broader strategy to expand in regional areas with supportive demographic and housing market fundamentals. Settlement of these acquisitions is expected within three weeks.
Key Points
  • Acquisition of Frenchview Lifestyle Village for $7.5 million.
  • Acquisition of Paynesville Holiday Park for $6.6 million.
  • Total of 199 sites acquired.
  • Initial yields of 7.9% for Frenchview and 7.6% for Paynesville.
  • Expansion potential through site reconfiguration and densification.
  • Acquisitions increase EGH's rental portfolio by approximately 17%.
  • Part of a strategy to expand in regional areas.
  • Settlement expected within three weeks.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.