Aspen Group wins shareholder backing for $25 million Coorong Quays acquisition

Reuters2026/09/10 13:08

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Aspen Group shareholders backed a AUD 25 million acquisition of Marina Hindmarsh Island Fund, owner of Coorong Quays in South Australia.
Consideration is mainly Aspen securities; the seller elected to receive AUD 1.16 million in cash.
Coorong Quays spans 300 hectares with more than 3,000 approved sites; over 90% of 1,842 developed sites were occupied.
Stage Two homes under the Alexandrina Cove land-lease model advanced; four completed with three sold, more starts scheduled.
Transaction expected to reduce gearing, lift underlying earnings per security; contracts on hand total over AUD 8 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Aspen Group Ltd. published the original content used to generate this news brief on September 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Aspen Group wins shareholder backing for $25 million Coorong Quays acquisition

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