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Listed property biz Aspen Group in $36.3m raise to trim gearing

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Listed property owner Aspen Group has put a $36.3 million placement to investors to pay down debt, after sounding fund managers on Monday evening.

Aspen owns the Four Lanterns Estate at Leppington in Sydney. 

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au

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Original URL: https://www.afr.com/street-talk/listed-property-biz-aspen-group-in-36-3m-raise-to-trim-gearing-20220912-p5bhaq