New Dunsborough Lakes investor

AN entity of Entrust Funds Management has taken an $8 million stake in the Aspen Group’s recently acquired Dunsborough Lakes Project, joining the Wyllie Group and Aspen in each holding a 20 per cent stake in the project. Entrust will undertake a capital raising, and the Esplanade Property Fund will hold the interest in the development. Listed WA property trust Aspen settled the purchase of the Dunsborough Lakes residential development from Ric Stowe’s Griffin Group for $93.68 million. At the time, Aspen’s managing director Angelo Del Borrello said financing for the acquisition would come from a syndicate of three to four institutional or “high net worth” investors and would not be put out to the retail market. Aspen is raising $40 million to fund the purchase, and has said they will contribute a sum equal to 20 per cent of the equity raised.Considered one of the South West’s largest property transactions, the Dunsborough Lakes deal involves the sale of a 230-hectare development site encompassing residential, commercial, tourist and industrial lots surrounding an 18-hole golf course, located in Dunsborough town.


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Aspen Group (APZ)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/06/18

1 year TSR5 year TSR
500thAspen Group-5%-5%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$46k Issued
$260k Bought
$0 Other
Total value as at the date of the transaction
Source: Morningstar


th-Aspen Group$15.8m
77 listed non wa companies ranked by revenue.
Source: Morningstar

Remuneration from Aspen Group

222ndAdam Marrs Ekamper$488k
867thGuy Farrands$112k
917thClive Appleton$98k
Ranked by total remuneration from all listed WA companies

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