Aspen Capital has finalised its acquisition of a 514-unit portfolio in Perth in a $52 million deal, giving the ASX-listed budget accommodation operator a significant lift into Western Australia’s build-to-rent sector.
Acquired from Fife Capital, the portfolio comprises 17 apartment complexes and represents one of the largest deals in some time for Aspen, which is led jointly by John Carter and David Dixon.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
