Aventus Group announced that the preliminary revaluation of its portfolio of large format retail centres as at 30 June 2019 has resulted in a modest increase of $40 million ($10 million net of capital expenditure) to $1.98 billion. The latest adjustment comes after an increase of $25M net increase for the period ending 31st Dec 2018. The weighted average cap rate for the portfolio remained the same at 6.7%. The valuations undertaken included four independent valuations and sixteen which were completed internally and adopted as Directors’ valuations. Aventus Group CEO Darren Holland commented, “Our focus on driving income growth from the portfolio resulted in continued positive leasing spreads and low incentives. Together with delivering value adding developments, these initiatives have all contributed to a pleasing valuation uplift.” “Importantly, the weighted average capitalisation rate for the portfolio has remained largely unchanged at 6.7% since June 2017 and, during the intervening two-year period, more than $200m of valuation gains have been driven by income growth, controlling expenses and development initiatives”, said Mr Holland. #Aventus