ASPEN Group has announced that the Aspen Diversified Property Fund has agreed to purchase an industrial property at Henderson in WA for $8.4 million.
According to Aspen, the Henderson property will be purchased on a 9 per cent yield with fixed 4 per cent annual increases.
The property comprises a 3.15 hectare parcel of land with a 15,000 square metre office warehouse complex.
The proposed acquisition, which is subject to conditions, including a due diligence period, has a settlement date of on or about July 29.