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.

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