Aspen Group has sold a 44,000-square-metre industrial asset in Noble Park, Melbourne to a local syndicate. Net proceeds of the sale are $20.8 million, a premium of $500,000 to the carrying value of the Browns Road property. Nick Lenaghan

NSW pub operator Lantern reported a $3.3 million full-year after-tax loss due to a number of one-off events, including the repayment of a loan to an associated unit trust. Gross profits increased from $25.3 million to $29.5 million off higher revenue. No distribution was declared.