April 6, 2017 / 11:47 PM / in 4 months

BRIEF-Gateway Lifestyle updates on acquisition of Sundown Resort, Canberra

April 7 (Reuters) - Gateway Lifestyle Group:

* Entered into an unconditional contract to acquire Sundown Motor Resort and Village in Canberra, Act (Sundown) for $17 million

* Sundown was acquired on a 10% cap rate and is expected to be immaterial to FY17 earnings Source text for Eikon: Further company coverage:

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