Holiday Parks Change Hands

posted Jun 20, 2019, 12:29 PM by 2MG Real FM
Mudgee’s BIG 4 holiday park has changed hands, with Ingenia placing both their Mudgee assets on the market.

The Ingenia Holidays Mudgee site on Lions Drive has been purchased by the Hampshire Property group, who run a range of over 50’s villages across NSW.

Ingenia purchased the 2 Mudgee sites in 2013, with The Mudgee Tourist and Van Resort on Lions Drive acquired for $7.2 million, and Mudgee Valley for $4m.

Ingenia have also confirmed that they are in discussions with a potential purchaser regarding the sale of Mudgee Valley.

A spokesperson for Ingenia has told 2MG news that they have announced a divestment program that includes a number of non-core assets, including the two parks in Mudgee.

While rumours as to the sale of Mudgee Valley have listed a buyer, Ingenia say that they are not able to comment further at this point.