Ingenia (ASX:INA) share price lifts after $220 million spending spree

The Ingenia Communities Group (ASX: INA) share price is rising today, adding to already solid recent gains, after the company announced its acquired a portfolio of 5 coastal holiday parks.

The Ingenia share price is up 2.08% to $5.09 per share.

Ingenia is an Australian property group that owns, operates and develops a portfolio of lifestyle and holiday communities, with an adjacency in the rental market.

Ingenia’s recent holiday acquisitions

Ingenia’s decision to purchase another 5 coastal parks comes at a boom time for the Australian domestic tourism industry when outgoing travel bans have seen domestic demand for Australian holiday…