middle.news
Eureka Group Ventures into All-Age Rentals with $4.5M Gladstone Acquisition
10:53am on Thursday 6th of February, 2025 AEDT
•
Real Estate
Read Story
Eureka Group Ventures into All-Age Rentals with $4.5M Gladstone Acquisition
10:53am on Thursday 6th of February, 2025 AEDT
Key Points
Acquisition of Gladstone mixed-use home village and caravan park for $4.5 million
Initial yield of 9.2% with plans to convert caravan sites into rental villas
Expansion into all-age rental market amid declining home ownership in Australia
Funding secured through a $70.4 million capital raising
Read Story
middle.
Tap to Read
Tap the card to read the full analysis
about
Eureka (ASX:EGH)
OPEN ARTICLE