Acquisition of Newcastle Co-Living Community

Aspen Group (which comprises Aspen Group Limited and Aspen Property Trust) (ASX: APZ) (“Aspen”) is pleased to announce that it has entered into a contract to acquire a partially refurbished co-living community at Cooks Hill, Newcastle, NSW under a liquidator’s sale. Newcastle is NSW’s 2nd largest metropolitan area and it has a very diverse economy. Cooks Hill is one of Newcastle’s premium suburbs