Eureka Group (ASX:EGH) secured binding contracts to acquire a mixed-use residential home village and caravan park in Queensland for AU$4.5 million, according to a Thursday filing with the Australian bourse.

The company expects settlement of the acquisition on Mar. 13, funding it from the proceeds of its AU$70.4 million capital raising, the filing said.

Shares fell nearly 1% in morning trade Thursday.

Price (AUD): $0.60, Change: $-0.0050, Percent Change: -0.83%