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BRIEF-Aspen Group says acquisition of inner Adelaide caravan park

Published 06/10/2015, 04:04 pm
Updated 06/10/2015, 04:08 pm
© Reuters.  BRIEF-Aspen Group says acquisition of inner Adelaide caravan park
APZ
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Oct 6 (Reuters) - Aspen Group Ltd APZ.AX :

* Acquisition of inner Adelaide caravan park APZ.AX

* Exchanged contracts for the acquisition of Adelaide caravan park, located in inner Adelaide, south Australia

* Says total purchase price of $9.25 million reflects an initial yield of 9.4%, excluding acquisition costs

* Says acquisition will be funded from existing cash holdings of Aspen Group and be immediately accretive to earnings

* Source text for Eikon ID:nASX9tnmbK

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