Aventus Retail Property Fund
(ASX:AVN) has announced its property portfolio has received a $63 million uplift following re-valuations of 11 properties.
Five valuations were conducted independently and six in-house, with the AVN portfolio now valued at $1.269 billon.
The new valuation represents a 9.34 percent increase over the prior values of the properties at 31 December 2015.
The company has also reported the acquisition of a 55,840 square metre development site in Tuggerah at a purchase price of $3.75 million.
Aventus Retail Property Fund reported a net loss of $22.1 million at 31 December 2015.
