ASX-listed AVJennings, one of the country’s best-known home builders, will be taken private after accepting a downgraded $365 million offer from American real estate giant Proprium Capital Partners.
The Melbourne-based home builder had been juggling rival offers from the US player’s local arm, Avid Property Group and Singapore-listed developer and investor Ho Bee Land.
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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
