• Acquisition of mixed-use park with 127 revenue-generating sites
• Purchase price of $11.0 million with 7.3% ingoing yield and 15.9% target 5-year IRR
• Large freehold site with 26 serviced vacant sites and 2 completed homes for sale

Eureka Group Holdings Limited (ASX: EGH) is pleased to announce it has executed contracts to acquire Nagambie Lifestyle Park - a mixed-use residential community located ~140km north of Melbourne. Nagambie is the largest town in the Strathbogie Shire and is close to nearby major regional towns including Shepparton, Bendigo, and Albury. The park comprises 127 revenue-generating sites, including 75 land-lease homes, 18 park-owned rentals, 19 annual sites, and 15 motel rooms. The purchase price is $11.0 million, with an ingoing yield of 7.3% and a target five-year IRR of 15.9%. The large freehold site also includes 26 serviced vacant sites (subject to renewal of planning permit) and 2 completed homes available for sale. Eureka has commenced the process to reactivate the planning permit and, subject to Council approval, anticipates landing new homes at the Park from mid-2026. Upon final build-out, Eureka anticipates that Nagambie Lifestyle Park will comprise a community of 155 sites, with more than 90% being long-term rental units and land-lease homes. The acquisition marks Eureka's ninth all-age rental village acquisition over the past year, with a further $90 million in non-binding acquisitions currently in due diligence.

Eureka expects to settle the acquisition of Nagambie Lifestyle Park in late January 2026, subject to customary conditions.