Aspen Group buys $10.2M WA residential village

Company News

Aspen Group Limited (ASX:APZ) has inked a deal to buy a residential village in Western Australia for $10.2 million. 

The property investor says the fully residential manufactured housing estate is called Mandurah Gardens Estate. 

Mandurah has been established for 16 years and has 158 residential sites with a 100 per cent occupancy level. 

Aspen Group says the acquisition is in line with its strategy to focus on the accommodation sector. 

Aspen Group reported a net loss of $18.22 million in the first half of the 2015 financial year. 

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?