Ingenia Communities announced the successful completion of a placement of 21.4m new shares at an issue price of $2.80 to sophisticated and wholesale investors. The funds raised will be used to acquire 4 additional Lifestyle Parks, including 3 announced acquisitions.

Ingenia will also undertake a non-underwritten Security Purchase Plan (SPP) to eligible security holders. Moelis Australia Advisory Pty Ltd, Morgans Corporate Ltd, and Petra Capital Pty Ltd acted as Joint Lead Mangers and Joint Underwriters to the Placement.

For further information see http://www.ingeniacommunities.com.au/investor-centre/