Aventus Revaluations

14 December 2018

Aventus Group announced this week that the revaluation of the portfolio as at 31 December 2018 has resulted in an increase of $47 million ($25 million net of capital expenditure). Of the valuations undertaken, five were independent and fifteen were completed internally and adopted as Directors’ valuations. The weighted average capitalisation rate for the portfolio remains unchanged at 6.7% from 30 June 2018. No further details were provided however Aventus Group CEO Darren Holland advised that 100% of the valuation increase for the half year was driven by income growth and development initiatives and that like-for-like net operating income growth for FY18 was 3.3%. #Retail #Aventus