Residential developer AVJennings has taken a hit on its interim earnings as its shifts the main driver of its revenue into built housing, away from selling land lots.
Steered by managing director Peter Summers, the change in focus is partly due to the nature of the projects now underway, and partly a change in strategy as the booming housing market matures.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
