Eureka Group Acquires Mandurah Coastal Holiday Park
Key points
- Acquisition of Mandurah Coastal Holiday Park for $18.4m
- Includes 168 sites, 71 land lease homes, 4 rentals, 24 cabins
- Approval for 66 additional homes; 7.7% ingoing yield
- Expected to settle in late August 2026
Full summary
Eureka Group Holdings Limited (ASX: EGH) has acquired Mandurah Coastal Holiday Park, a mixed-use residential community in Mandurah, Western Australia. The acquisition includes 168 sites, comprising 71 land lease homes, 4 park-owned rental dwellings, 24 cabins and motel units, and 69 short-term sites. Approval is in place for an additional 66 land-lease home sites. The acquisition price is $18.4 million, representing an ingoing yield of 7.7%. The acquisition is expected to settle in late August 2026.
Outlook
Eureka expects this acquisition to provide significant exposure to the Mandurah market, leveraging strong population growth and favorable demand for affordable housing.
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