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Aventus set for $200m valuation boost after bumper mall sale

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Analysts expect Aventus Group to book as much as a 10 per cent valuation gain – or about $200 million – when it reports full-year results in August, after the homemaker centre landlord sold one of its smallest malls at a huge premium to book value.

The Brett Blundy-backed group cashed in on strong demand for large-format retail centres after selling MacGregor Home in Brisbane’s southern suburb at a 55 per cent premium to its book value to fund manager Stirling Property.

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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com

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    Original URL: https://www.afr.com/property/commercial/aventus-set-for-200m-valuation-boost-after-bumper-mall-sale-20210512-p57r3y