Aspen Group (ASX:APZ) entered into a conditional contract to acquire a new accommodation complex in Australind, Western Australia for AU$32.3 million, excluding transaction costs, according to a Wednesday Australian bourse filing.
The property was developed by Albemarle for the planned expansion of its Kemerton lithium project, which is no longer proceeding.
A large 18-hectare site is zoned for residential use and the approved structure plan allows for around 450 residential dwellings.
Aspen will seek to reposition the property into a residential rental and land lease community, subject to council and other approvals.
The settlement of the transaction, which is expected to be debt-funded, is expected to occur in May.
Company shares rose 7% in recent trade.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。