Ingenia Communities proposes to acquire Peet, boosting growth

Developer Ingenia secures land bank with $1b acquisition of Peet

The fast-growing land lease sector is reshaping housing; this deal gives the specialist company a profile more like broad-based developers Stockland and Mirvac.

$1b bid for Peet gives Ingenia big property runway

Perth-based property developer Peet will be brought out in a near $1 billion deal by Ingenia Communities, which says the acquisition will allow it to capitalise on Australia’s housing supply crisis.

Ingenia Communities proposes to acquire Peet, boosting growth

Ingenia Communities aims to acquire Peet, boosting its housing pipeline and strengthening its national platform. The post Ingenia Communities proposes to acquire Peet, boosting growth appeared first on The Motley Fool Australia.

Ingenia inks deal to buy Peet

The retirement village operator has agreed to buy 100 per cent of Peet's shares for close to $1 billion, following months of speculation about a sale.