Search

Aspen Parks on track for $150m in assets

ASPEN Group believes its Aspen Parks Property Fund is on track to achieve the fund’s target of $150 million in assets by July 2009. Horseshoe Lagoon at Moama in New South Wales is the latest addition to the Aspen Parks Property Fund stable, which currently stands at 14. The fund’s assets under management are approximately $94 million, and a second capital raising is due for release shortly, facilitating further acquisitions and growth for the fund during 2006. Aspen Group managing director Angelo Del Borrello said the acquisition demonstrated further exciting growth for the fund. “Horseshoe Lagoon provides Aspen Parks with a stable annual income while offering growth opportunities through the planned development of surplus land,” Mr Del Borrello said in a statement. Horseshoe Lagoon is situated on the Murray River in NSW, directly opposite another of the fund’s properties.

Add your comment

BNIQ sponsored byECU School of Business and Law

Students

6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
10th-The University of Notre Dame Australia6,708
47 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer