Eureka Group Holdings (ASX:EGH) executed binding contracts to acquire Tuggerah Shores Home Village, a residential community in New South Wales for a purchase price of AU$8.3 million, according to a Thursday Australian bourse filing.

The mixed-use residential park consists of three manufactured housing estate homes, 62 long-term cabin and caravan sites, and seven short-term campsites.

The acquisition is expected to settle on March 31.

It is funded from the proceeds of the company's recent AU$70.4 million capital raise.