Eureka Group Holdings Ltd. engages in the ownership and property management of independent living communities. The company is headquartered in Gold Coast, Queensland. The principal activities of the Company include the provision of accommodation and services to independent senior residents and specialist property management and caretaking services for seniors’ independent living communities. The company operates in two segments: Rental Villages and Property Management. The Rental Villages segment includes the ownership of seniors’ rental villages. The Property Management segment includes management of seniors’ independent living communities. The company owns approximately 33 villages, five of which are owned in a joint venture, and an additional eight villages. The company provides professional management services, which includes management of units in each facility including property maintenance, garden care, and community activities, and also offers Meal services, which provide balanced meals on-site daily for its residents.
Eureka Group (ASX: EGH)
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Eureka dismisses takeover offer, citing undervaluation and growth opportunity for affordable housing development
March 15, 2024
Affordable accommodation developer Eureka Group (ASX: EGH) is not pleased with peer Aspen Group’s (ASX: APZ) bid to acquire the Company, dismissing the proposal as undervalued after Aspen’s offer aimed to merge the two entities into its $500 million property conglomerate. This follows a review by the Eureka Board of Aspen’s Bidder’s Statement, filed on
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