AVJennings moves to complete the purchase of Riverton

Company News

by Rachael Jones

Residential property developer AVJennings (ASX:AVJ) has bought the 50 per cent remaining of a green-fields residential development near Brisbane called Riverton.

The acquisition will be completed in June 2019.

The site will deliver around 1,200 lots in South East Queensland over the next five years.

The site 40 kilometres from Brisbane will have parks, fitness stations, fishing and kayak launching docks, an off leash dog park and an amphitheatre for community use.

Shares in AVJennings (ASX:AVJ) 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.