Gemlife Communities Group Stapled Units (1 Ord & 1 Unt - Gemlife Trusts)

GLF: XASX (AUS)
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GemLife: New Townsville Development Site Reaffirms Growth Prospects

GemLife is set to acquire a 33-hectare greenfield development site in Townsville for AUD 21 million, with staggered settlement over fiscal 2026 and fiscal 2027. The site has the potential to add over 500 homes, subject to development approval. It is funded by cash and existing debt facilities.

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