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Ingenia to Acquire Peet, Forming Australia’s Largest Land Lease Platform

10:09am on Wednesday 26th of August, 2026 AEST Real Estate
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Ingenia to Acquire Peet, Forming Australia’s Largest Land Lease Platform

10:09am on Wednesday 26th of August, 2026 AEST
Key Points
  • Acquisition values Peet shares at $2.12 each, 17% premium
  • Flagstone City joint venture to raise $615 million
  • Pro forma pipeline expands to ~35,000 residential lots
  • Transaction delivers 11% FY26 EPS accretion to Ingenia
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