ASPEN has completed the purchase of the Caversham Properties in Adelaide.
Aspen Property Development Fund No. 1 has bought the property from Futuris Corporation.
To date, Futuris has received proceeds of $170.9 million and as part of its ongoing commitment to the progress of the City Central Project in the Adelaide CBD, Futuris has reinvested $22.5 million to acquire a 25% shareholding in ADF No 1, alongside the 25% interest held by Aspen Group.
Australian Property Journal
