News Articles for Aspen Group

Cedar Woods expands Byford presence as Aspen sells

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Cedar Woods Properties has made its third significant Western Australian land acquisition for the year, adding a 35 hecta

Aspen puts $311m portfolio up for sale

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Aspen Group is seeking to sell its $311 million commercial property portfolio, including the Septimus Roe office tower on Adelaide Terrace, as the developer and fund manager plans to build towards

Aspen moves to sell Dunsborough estate

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Developer and fund manager Aspen Group has put its 70-hectare Dunsborough Lakes Estate up for sale.

Aspen portfolio pulled down by Karratha village

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Developer and fund manager Aspen Group has announced a $6.2 million writedown of its investment portfolio, driven by a drop in value of its workers accommodation village in Karratha.

Salwin new Aspen MD

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Property investor and funds manager Aspen Group has appointed Clem Salwin as managing director.

Aspen picks up NSW caravan park

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Developer and investments manager Aspen Group has acquired a caravan park in Dubbo, New South Wales, for $10.7 million.

GR Engineering, Aspen get new bosses

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Perth companies GR Engineering and Aspen Group have announced new leadership, with GR founder Joe Ricciardo moving into a new role and Aspen recruiting a former Valad Property Group executive.

Aspen secures $76m for investment portfolio

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Property developer and fund manager Aspen Group has sold the remaining six assets in its Aspen Diversified Property Fund for $76.5 million.

Aspen extends $120m debt facility

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Developer and funds manager Aspen Group has secured an 18-month extension to its $120 million finance facility with National Australia Bank.

Aspen sells NSW homemaker centre for $19m

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Perth-based developer and fund manager Aspen Group has announced the sale of a New South Wales commercial property for $19 million.

Aspen loss narrows, strategic review on track

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Property developer and fund manager Aspen Group says its review of operations is on track despite the company recording a statutory loss of $18.3 million for the half-year to December 31.

Progress takes over where Aspen left off

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FEW of Western Australia's listed property companies have had as torrid a time as Aspen Group over the past few years.

First homebuyers lead charge as land sales start to build again

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Some green shoots are starting to emerge in property development after the post-GFC downturn.

Mid-tier developers add to office supply

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FROM Subiaco in the west to Booragoon in the south and Innaloo in the north, more than a dozen mid-sized office developments are either under way or at an advanced stage of planning around Perth.

Aspen announces $101 million plan to reduce debts

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Aspen Group says it is planning to sell out of its residential and commercial development divisions as a result of an ongoing review of operations, while also unveiling a $101.4 million capital rai

Aspen launches review after near-$100m loss

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Embattled developer and funds manager Aspen Group has painted a gloomy outlook for its residential and commercial property syndicates, after launching a strategic review in the wake of a near-$100

Logistics lifting industrial land market

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FRESH from the opening of a $70 million logistics base in Hazelmere, private Australian company Linfox is on the lookout for more land to support its growth.

Aspen confirms Hawkins departure

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Aspen Group has confirmed managing director Gavin Hawkins' resignation, with non-executive director Hugh Martin appointed as interim chief executive.

Hawkins could be out as Aspen boss

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Speculation is mounting that Aspen Group managing director Gavin Hawkins is set to part ways with the property developer and funds manager.

Aspen secures $35m for working capital

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Property developer and funds manager Aspen Group has borrowed $35 million from joint venture partner Telstra Super, in order to “undertake the realisation of value” from its interest in the under-c

Aspen announces $95m in writedowns for FY2012

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Property developer and fund manager Aspen Group has revealed around $95 million in writedowns in its upcoming full-year results, but has reassured investors that its operating profit will only take

Good profits still to be had despite weak market

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IT'S not the market overall, it's the particular company that you pick; that seems to be the message for investors looking to invest in listed property companies.

Aspen unveils 78% lift in profit

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Developer and funds manager Aspen Group has reported a solid rise in interim profit, saying the company's strategy of re-weighting its portfolio towards Western Australia was proving sound.

On the move

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McGrathNicol expands Perth team

Pay packets at top end of town continue to bulge as the good times flow for WA

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Executive remuneration is a hot political issue but the controversy does not seem to have slowed growth in pay packets at WA companies.

Gillard to exit Aspen

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Aspen Group founding chairman Reg Gillard will step down from the developer's board at its annual general meeting in November, to be replaced by non-executive director Frank Zipfinger.

Aspen shrugs off challenges for solid profit

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Aspen Group says it is on a solid platform to pursue earnings growth underpinned by its investment property portfolio, after lodging a significant increase in profit over a particularly challenging

Aspen finalises $117m finance facility

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Developer Aspen Group says it has found a joint venture partner for the $190 million Australian Tax Office building in Adelaide, after finalising funding arrangements with Telstra Super.

Aspen signals institutional shift

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AUSTRALIA'S listed property sector was savaged by the global financial crisis but Perth-based Aspen Group has battled more than punitive market conditions in the past year.

Aspen sells Adelaide asset for $81m

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Property developer and funds manager Aspen Group has sold an Adelaide office building to an investment syndicate for $81 million.

Aspen secures ATO Building

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PROPERTY investment and funds management business the Aspen Group has received a conditional offer for a $117 million finance f

Aspen offered $117m debt facility

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Developer Aspen Group has received a conditional offer for a $117 million finance facility required to acquire and develop the Australian Taxation Office Building in Adelaide.

Aspen syndicate secures finance facility

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Property developer Aspen Group has announced its unlisted syndicate, Aspen Parks Property Fund, has received credit approval for a $130 million debt facility with St George Bank.

Chan resigns from Aspen board

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The fallout from Entrust Funds Management's failed bid to oust the board of property developer Aspen Group has continued, with director Seng Fai Chan resigning today.

Entrust concedes loss over Aspen

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Entrust Funds Management has all but conceded defeat in its bid to roll the board of developer Aspen Group, after discussions with major institutional shareholders revealed a lack of support for the bid.

Aspen reports 40% interim profit fall

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Perth-based developer Aspen Group has reported a drop in interim net profit after tax to $7.7 million, down from $13 million the previous half year on the back of asset revaluations.

Aspen players strap in for wild ride

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WITH the date now set for a boardroom showdown, the battle for control of residential property developer Aspen Group is heating up.

Entrust asks Aspen to clarify statement

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Entrust Funds Management has called on Aspen Group to shed more light on its position in relation to a series of recommendations the group put to its shareholders earlier this week.

Aspen responds to Entrust allegations

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The three Aspen Group directors subject to a movement to remove them from the company's board have denied claims that the group had lost its way and had underperformed since jettisoning co-founder Angelo Del Borello in June last year.