Residential developer Aspen Group has backed off on its claim that its board of directors were unanimous that it was not in the company's best interests for dumped co-founder Angelo Del Borello to return.
Aspen Group major shareholder Entrust Funds Management has confirmed it has requested a meeting of shareholders to discuss replacing most of the current board, including managing director Gavin Hawkins.
Residential developer Aspen Group has announced its St Leonards Residential Land Syndicate has successfully raised the minimum $8 million required to commence the 181-lot residential project.
Property investment and funds manager Aspen Group has announced a full year operating profit after tax of $33.6 million up slightly from $33.2 million last year.
PERTH-BASED national property development and syndicated funds manager Aspen Group's new managing director, Gavin Hawkins, is targeting its Aspen Parks and Aspen Living divisions for future growth.
Aspen Group says the Australian Taxation Office has signed up for an initial 15-year lease at its planned $200 million office tower in the Adelaide CBD area.
Aspen Group has returned to the black with the property developer and funds manager today reporting a net profit of $12.9 million for the first half of the 2010 financial year.
Aspen Group managing director Angelo Del Borrello says the latest review of its property values is evidence the developer its emerging from the bottom of the valuation cycle, as it today shaved $900,000 off its investment portfolio.
Property developer Aspen Group has secured a new $20.5 million banking facility which will allow it to pay back its short-term debt and create more headroom under an existing senior facility.
Property funds manager Aspen Group has started the first stage of construction at its 900-lot St Leonard's Estate in the Swan Valley, as it halves its debt following the completion of a recapitalisation process.
Perth-based property funds manager Aspen Group has outlined steps taken to address market pressures, which resulted in a $64.7 million loss for 2008-09 after the financial crisis severely hurt property valuations, management fees and transaction activity.
Perth-based property fund manager Aspen Group will seek capital from external investors after failing to attract sufficient support from unit holders of one of its ailing property funds.
PERTH-BASED property fund manager, Aspen Group, has extended its entitlement offer for its ailing property fund after failing to attract sufficient support from investors.
RETIRED farmer Rosston Vince, of Geraldton, will not partake in an entitlement offer for Aspen Group's ailing property fund, scheduled to close this week.
UNCERTAINTY surrounds the future income of Aspen Group's ailing property fund as the Perth-based company seeks to avoid a fire sale of its portfolio of office, retail and industrial complexes.
PERTH-BASED property investor Aspen Group has warned it will be forced to dispose of properties in one of its unlisted funds at fire sale prices should an attempt to raise money from the already embattled unit-holders fail.
Property developer Aspen Group has locked in $41 million from its planned $82.4 million capital raising, with the institutional component oversubscribed.
Property developer Aspen Group has unveiled plans for a fully underwritten capital raising of more than $82 million, which will be used to "secure an enhanced senior debt facility".
Perth-based Aspen Group says its revenue stream will be boosted by some $58 million over the next five years following the completion of the Karratha Accommodation Village for Woodside Petroleum.
THE Yadgalah Aboriginal Corporation and Indigenous Business Australia this week sold their joint 50 per cent partnership interest in the Monkey Mia resort to Aspen Parks Property Management Ltd for $9
PERTH-BASED property developer Aspen Group has appointed Jonathan Timms to its executive team in the newly created position of chief executive officer – property.
In a positive sign for the battered listed property sector, Perth-based developer and investment player Aspen Group, has launched a new property fund, seeking to raise $40 million.
Diversified property player Aspen Group Ltd has secured agreement with Woodside Petroleum Ltd to be the major tenant for the development of a new $28 million residential village in Karratha.
Aspen Group Ltd has resported an underlying net profit after tax of $19 million for the half year, representing a 63 per cent increase on the corresponding period.
DIVERSIFIED property player Aspen Group Ltd says its conservative debt position has placed it in a ‘sound position', despite the volatility and uncertainty prevailing in the listed property sector.
DIVERSIFIED property player Aspen Group Ltd says its conservative debt position has placed it in a ‘sound position', despite the volatility and uncertainty prevailing in the listed property sector.
Diversified property player Aspen Group Ltd says its solid balance sheet and conservative debt position has placed the group in a "sound position", despite the volatility and uncertainty prevailing in the listed property sector.
Aspen Group Ltd managing director Angelo Del Borrello has been awarded 5.5 million stapled securities in the company worth more than $14 million as part of his long-term incentive package.
Perth-based commercial property investor Aspen Group Ltd has announced an underlying net profit after tax of $33.5 million, up 81 per cent on the previous year's results.
Perth-based Aspen Group has announced the issue of Offer Document no. 3 for its Aspen Parks Property Fund, with funds raised to bolster its $150 million portfolio.
It was to be transformed into a $60 million luxury Hilton-branded resort this year, but Coral Bay's Ningaloo Reef Resort has found a new direction under the ownership of Perth-based Aspen Group.
Perth-based property developer Aspen Group Ltd will aim to develop golf courses within its residential estates through an arrangement with a company owned by professional golfer Adam Scott.
