Article: Australia: Aspen sells hospital for $61m.

Byline: manish03

Aspen Group is pleased to advise that settlement of the hospital component of the Norwest Private Hospital development was completed on 3 September 2009.

The $125 million development was undertaken by Aspen Development Fund No.1 Limited, an Aspen managed development syndicate.

The hospital component was sold to Healthscope Limited for $61 million and is the second such project developed by ADF for Healthscope following completion of the Campbelltown Private Hospital in 2007.

With a further $11 million ...

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