BRIEF-Aspen Group says sale of Adelaide property

March 12 (Reuters) - Aspen Group Ltd APZ.AX :

* Sale of Adelaide property APZ.AX

* Conditional contracts have been entered into for sale of Aspen group's 50%

interest in the ATO Adelaide office building

* Conditional contract have also been entered into for sale of Aspen

Development Fund No. 1 (ADF) interest in the adjacent Adelaide City Central

Precinct Development Site (ACC site)

* Proceeds of Adelaide property sales will be approximately $29.5 million

* Total sale proceeds under the acc site sale agreements are $12.0 million

* Source text for Eikon News Search ID:nASX5DDcJc

((For more news, please click here APZ.AX )) ((Bangalore Newsroom; +91 80 6749 1130))