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) 

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.