Aspen to acquire industrial property

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.

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