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This Month
Ingenia says its turnaround, not the market, is boosting earnings
The land lease developer has a new CEO who says his new strategy, which included cutting off a sub-scale funds management arm, is working.
January
Ingenia announces profit upgrade – as the market gets worse
Investors responded positively to the developer’s turnaround efforts, pushing the shares up 15 per cent.
Citi upgrades shopping centre operator Scentre in recovering market
The investment bank has also flagged Goodman, National Storage, Ingenia, Stockland and GPT as stocks in for a better year.
October 2024
Gloss comes off ‘success story’ in baby boomer housing
The pioneering developer of affordable accommodation for downsizing Baby Boomers is ending his tenure after a tough year.
August 2024
Ingenia reveals five-year plan for settlements growth
The developer of affordable accommodation for downsizing Baby Boomers wants to focus its own capital on the core land lease business.
Decline in home ownership a boon for retirement operator Eureka
The company’s new chief executive, Simon Owen, says a growing number of retirees don’t have the real estate to buy into more expensive homes.
July 2024
This fledgling asset class is generating double-digit returns
Investors are earning attractive returns from land lease communities, which can generate an annuity-style income.
June 2024
GreenFort Capital targets $800m land lease portfolio
There’s a growing snowball of players and money rolling into the residential property play on one of Australia’s biggest demographic changes.
March 2024
$2.1b market darling Ingenia Communities in Warburg Pincus’ sights
Warburg Pincus went as far as engaging advisors – Jefferies Australia and Corrs Chambers Westgarth – and made its informal interest known to Ingenia.
February 2024
Ingenia settlement revenue jumps as home-building constraints ease
The developer of affordable housing for downsizing over-55s could not avoid higher building costs, which have narrowed its new-home profit margin.
Over-50s housing group Ingenia gets a glow-up
An incoming CEO, the exit of a big backer, and the appearance of an investor behind one of the market’s most talked about deals. There’s nothing sedate about Ingenia.
November 2023
The growth of this housing sector surprises even one of its pioneers
Simon Owen, about to step down after 14 years leading Ingenia Communities, says the expansion of the land lease business came quicker than he expected.
October 2023
Mirvac in $1b play to house downsizing Boomers
Mirvac will spend $300 million to acquire a near-half stake in the Serenitas portfolio of 27 land lease communities – affordable accommodation for downsizing baby boomers.
Ingenia’s largest shareholder presses sell; JPM nabs $165m block
Shares were being offered under a variable price book build from $3.90 apiece to $4.02.
August 2023
Builders find opportunity in a tough market
The latest industry figures show a further decline in new home sales but some builders are tapping new markets of customers seeking smaller homes.
June 2023
‘Better value’ from niche property trusts in volatile times
Unlike large A-REITs that mostly invest in office, industrial and retail assets, these own specialised assets that are less cyclical.
May 2023
Not all construction companies are a mess – this is where to look
With high underlying demand, there are lucrative potential returns for those that can survive current pressures.
Stockland plans up to 14 new land lease communities in two years
Australia’s housing system is fast evolving beyond the suburban quarter-acre block, and its largest developers are buying in to that change – at scale.
November 2022
Ingenia cuts settlement outlook on delays, shortages, costs
The developer of affordable accommodation still expects to complete more homes than last year, but has cut its expected settlement total this year by 12 per cent.
Home builders say 1m target at risk as rates rise
The Housing Industry Association is warning the RBA to wait for current increases to take their full effect before raising rates further.