Aspen Group Limited
ABN 50 004 160 927
Aspen Property Trust
ARSN 104 807 767
Level 18, 9 Hunter Street
Sydney NSW 2000
Telephone: 02 9151 7500
Facsimile: 02 9151 7599
Email: homemail@aspengroup.com.au
MARKET RELEASE ASX ANNOUNCEMENT 29 May 2015 Settlement of Adelaide City Central
Aspen Group (ASX: APZ) advises that settlement has been completed of the previously announced sale of the Adelaide City Central precinct development site in accordance with the contract terms (refer ASX announcement dated 13 March 2014 for full details).
The proceeds of sale, and return of security bonds, totalling $17 million, increase Aspen Group's
capacity to pursue investment opportunities in the accommodation sector.
In line with Aspen's strategy, the sales process has commenced for the sale of the remaining portion of the Spearwood Industrial Estate in Perth, Aspen Group's sole remaining material non-core asset, by an expression of interest process through Colliers International.
For further information please contact:
Clem Salwin
Chief Executive Officer
Phone: (+61) 2 9151 7500
Email: clems@aspengroup.com.au
For media enquiries:
David Tasker
Professional Public Relations
Phone: (+61) 8 9388 0944
Mobile:(+61) 433 112 936
Email: david.tasker@ppr.com.au
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