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GDI Property Group ( (AU:GDI) ) has provided an update.
GDI Property Group’s co-living joint venture has acquired three assets in Moranbah, Queensland, for $18.3 million, enhancing its presence in the mining accommodation sector. The acquisition includes Smartstay Village, Moranbah Motor Inn, and Outback Motel, with plans to improve offerings and introduce new amenities. This strategic move leverages existing successful strategies and aims to strengthen GDI’s position in the Bowen Basin, a key area for coal mining operations.
The most recent analyst rating on (AU:GDI) stock is a Buy with a A$0.85 price target. To see the full list of analyst forecasts on GDI Property Group stock, see the AU:GDI Stock Forecast page.
More about GDI Property Group
GDI Property Group operates in the real estate industry, focusing on property investment and management. The company is involved in a co-living joint venture, providing accommodation solutions primarily for the mining sector.
Average Trading Volume: 544,809
Technical Sentiment Signal: Buy
Current Market Cap: A$369.8M
For detailed information about GDI stock, go to TipRanks’ Stock Analysis page.