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ASPEN GROUP — Capital/Financing Update 2020
Dec 17, 2020
64404_rns_2020-12-17_d1862e9f-eebb-46d2-8a75-1055b81f2d01.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 18 December 2020
Settlement of Land Site at Mount Barker, South Australia
Aspen Group (which comprises Aspen Group Limited and Aspen Property Trust) (ASX: APZ) is pleased to announce that it has settled the acquisition of a residential land site of approximately 11.5 hectares at Mount Barker, South Australia. The purchase price is $4.51 million before refundable GST and acquisition costs.
This project adds to the group’s substantial cluster in South Australia alongside Adelaide Caravan Park, Highway 1, Coorong Quays and CREST at Woodside.
CoreLogic recently reported that within South Australia, Adelaide and Mount Barker recorded the highest total value of house and unit sales respectively in the year to September 2020. There were 336 sales in Mount Barker for a total value of $146 million and average value of $434,000. Aspen is aiming to develop a land lease community on the site with good quality houses starting from around $300,000.
Further information regarding the acquisition was released to the ASX on 26 October 2020.
Announcement authorised by the Board of Aspen Group Limited.
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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]