THE Aspen Group has announced encouraging results of a revaluation of its holiday park properties, acquired by the Aspen Parks Property Fund last year. The six properties, re-valued by independent valuers Knight Frank, have been up graded from their initial assessment of $29.39 million to $34.37 million. Aspen Group managing director Angelo Del Borrello said the valuations were a strong result following the first 12 months of operations for Aspen Parks. The re-valued properties were acquired in July 2004, from Fleetwood Corporation for a purchase price of $28 million. Aspen Parks currently owns nine park properties with total assets of $56 million.
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