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 â or about $200 million â 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 Brisbaneâs southern suburb at a 55 per cent premium to its book value to fund manager Stirling Property.
The 12,330 square metre Good Guys-anchored mall at 555 Kessels Road in MacGregor sold for $42.15 million on a yield of 6 per cent. The mall had a carrying value of $27 million when Aventus reported its interim results in February.
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