Eureka Group Acquires Mandurah Coastal Holiday Park for A$18.4M at 7.7% Initial Yield
Eureka Group Holdings acquired the Mandurah Coastal Holiday Park off-market for A$18.4 million at a 7.7% initial yield, with 66 approved homes providing an immediate development pipeline and settlement expected by month end.
Key points
- Eureka Group acquires Mandurah Coastal Holiday Park for A$18.4M at 7.7% initial yield off-market
- 66 homes already approved provide immediate income pipeline without additional planning risk
- Sets reference cap rate for ASX manufactured home estate sector; settlement expected by month end
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