Aspen Group (ASX: APZ) — Company Overview, News & Financial Data
Aspen Group manages and develops affordable accommodation communities in Australia, including retirement villages and residential homes.
Aspen Group
Aspen Group is a provider of affordable accommodation and housing communities across Australia. The company develops, owns, and manages a portfolio of residential rentals, land lease communities, over-50s lifestyle villages, student accommodation, workforce accommodation, and holiday parks. Its property assets encompass over 7,200 dwellings and sites across New South Wales, Victoria, Queensland, South Australia, Western Australia, and the Northern Territory. Aspen Group caters to long-term residential renters, downsizers seeking land lease communities, corporate travelers in regional resource regions, and holidaymakers seeking affordable caravan parks and holiday park accommodation.
Snapshot
Operations
Products and/or services of Aspen Group
- Over 50s Land Lease Communities: Land lease communities and retirement lifestyle villages providing long-term home ownership and site leasing for downsizers, including key locations such as Wodonga Gardens in Victoria, Alexandrina Cove, Strathalbyn and Paralowie in South Australia, and Four Lanterns in New South Wales.
- Residential Rental Portfolio: Affordable long-term residential rental housing across major metropolitan and regional centers, comprising portfolio assets such as the 18-complex Perth Apartments portfolio in Western Australia, Lindfield Apartments in New South Wales, and Adelaide Villas in South Australia.
- Holiday Parks and Short-Stay Tourism: Operation of caravan parks, holiday parks, and coastal accommodation sites providing cabin rentals, powered sites, and tourist stays, including major properties such as Darwin FreeSpirit in Northern Territory, Barlings Beach, Koala Shores, and Adelaide Caravan Park.
- Land Sales and Development: Masterplanned residential land development and lot sales for new dwelling construction, featuring active residential development sites such as the Riverwalk community in Ravenswood, Western Australia, and the Coorong Quays waterfront marina estate at Hindmarsh Island, South Australia.
- Co-Living and Student Accommodation: Shared student and co-living accommodation assets offering private furnished rooms with communal living areas, operating under the CoVE brand at key Australian locations including Upper Mount Gravatt in Queensland, Cooks Hill in New South Wales, and Australind Grove in Western Australia.
- Corporate and Workforce Accommodation: Motel-style accommodation and workforce stay facilities tailored for business travelers and industrial workers in resource corridors, including the Karratha facility in the Pilbara region of Western Australia featuring private rooms, dining, conference spaces, and recreational facilities.
Aspen Group executive team
- Mr. John Carter M.B.A., MBA (Syd)Executive Director & Joint CEO
- Mr. David Allan DixonExecutive Director, Joint Company Secretary & Joint CEO
- Winston ChanGroup Financial Controller
- Patrick MaddernHead of Asset Management & Development
- Mr. Mark Andrew Licciardo B Bus (Acc), FCIS, FGIA, GAICD, GradDip CSPJoint Company Secretary
- Mr. Michael DunstanFinancial Accountant of Aspen Living Villages Business