Australian property developer Ingenia offers to buy Peet in $711 million deal
By Sherin Sunny and Kumar Tanishk Aug 26 (Reuters) – Property developer Ingenia Communities on Wednesday offered to buy Peet in a deal valuing the residential property developer at A$992.5 million ($710.93 million), to expand its presence in the Australian housing market. The proposal follows a period of softer sales volumes and prices in Australia’s residential property market, and a government decision to trim tax concessions for investment properties in […]