Brief: Mirvac Group Expands Residential Offering With Acquisition Of Leading Land Lease Community Operator Serenitas

Mirvac

18/10/2023 09:50

Oct 18 (Reuters) - Mirvac Group  MGR.AX :
    * MIRVAC EXPANDS RESIDENTIAL OFFERING WITH ACQUISITION OF
LEADING
LAND LEASE COMMUNITY OPERATOR SERENITAS
    * DEAL FOR TOTAL CONSIDERATION OF A$1,010 MILLION
    * SETTLEMENT IS TARGETED FOR 3Q24
    * ENTERED BINDING AGREEMENTS TO ACQUIRE SERENITAS IN
PARTNERSHIP
WITH PACIFIC EQUITY PARTNERS SECURE ASSETS AND TASMAN CAPITAL
PARTNERS
    * MIRVAC WILL MAKE A$300 MILLION INITIAL INVESTMENT FOR DEAL

Source text for Eikon:  ID:nASXbNpPrJ 
Further company coverage:  MGR.AX 

 ((Reuters.Briefs@thomsonreuters.com;))