Tag Archives: AVN

HomeCo Daily Needs REIT has agreed a deal to merge with the Aventus Group to create a $4.1bn listed Daily Needs REIT

Aventus Group today advised that cash collection across the portfolio has exceeded expectations at the time of the FY2021 full year results presentation on 18 August.

Aventus have released their FY21 results with 7% growth in earnings and growth in valuations backed by significant yield compression in the sector.

The Aventus Group have recorded a net valuation gain of $254 million or 12% over the past 6 months following a 64bps compression in cap rates.

Aventus Group today announced it has entered into a Put and Call Option Deed with Stirling Property for the sale of MacGregor Home, Queensland for $42.15m.

Aventus Group released their half yearly results showing a strong rebound in their larger format retail portfolio in FH21.

FY2020 Aventus Annual ReportDownload

Aventus CEO, Darren Holland is pleased with the results of REIT given the pandemic impacts across the economy but withholds cash in anticipation of further challenges ahead.

Aventus has won its appeal against Woolworths in relation to the grant of a consent to sub lease.

Aventus Group advised today, that the operating performance of the portfolio has improved significantly through the months of May and June however rental arrears average 17% of billings.

Aventus Group has unconditionally exchanged on a 31,470 sqm development site adjoining Epping Home for $11.5m from Kaufland Australia.

Aventus Group are continuing to work through the COVID19 impacts whilst cutting back non essential expenditure and executive remuneration.

Aventus Group has cuts its dividend for the quarter ending March 2020 by 75% in light of the COVID-19 pandemic.