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ASPEN GROUP — Capital/Financing Update 2019
Oct 20, 2019
64404_rns_2019-10-20_864317ef-c8fb-43dd-aaae-1df8359d7aab.pdf
Capital/Financing Update
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Aspen Group Limited ABN 50 004 160 927 Aspen Property Trust ARSN 104 807 767 21 Oxford Street Bondi Junction NSW 2022 Telephone: 02 9151 7500 Email: [email protected]
ASX ANNOUNCEMENT 21 October 2019
Investor Update – Conditional Contracts for New Acquisition
Aspen Group (which comprises Aspen Group Limited and the Aspen Property Trust) (ASX: APZ) (Aspen) is pleased to announce that it has entered into conditional contracts to acquire a portfolio of properties for $20 million (excluding transaction costs).
The contracts are conditional on a due diligence period of a further 7 days in favour of Aspen Group.
Aspen will update the market upon conclusion of the due diligence period.
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For further information, please contact: David Dixon John Carter Joint Chief Executive Officer Joint Chief Executive Officer Phone: (+61) 2 9151 7584 Phone: (+61) 2 9151 7586 Email: [email protected] Email: [email protected]
Aspen is a leading provider of quality accommodation on competitive terms in the Retirement, Residential and Short Stay sectors. Aspen has a fully integrated platform across operations, asset management, development and capital management which enables it to provide a broad spectrum of products and services to its customers under different regulatory regimes and schemes: Rentals – Shared Equity – Sales.