AVN - Aventus Group

Aventus Retail Property Fund has been established to invest in Australian retail property, focusing predominantly on large format retail centres. The Fund will acquire an initial portfolio of 14 assets, geographically diversified across Australia and, following completion, will be one of the largest owners of LFR centres in Australia.

It is anticipated that AVN will list on the ASX during October 2015.

http://aventusproperty.com.au

HomeCo Daily Needs REIT and Aventus Property Group have agreed to a merger that will see HomeCo acquire all Aventus securities via schemes of arrangement.

Aventus security holders will receive 2.2 HomeCo Daily Needs REIT units for every unit in the Aventus Retail Property Fund, or 28.5¢ cash or 0.038 HMC securities for every 1 share in Aventus Holdings.

Both boards unanimously support the merger, which will have a combined portfolio of $4.1 billion and a market capitalisation of $3.2 billion.

“We believe the merger is strategically and financially attractive for both HomeCo and AVN and consistent with HomeCo’s objective to deliver stable and growing distributions,” said HomeCo Daily Needs REIT chair, Simon Shakesheff.

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“The increased scale and enhanced capability will allow the merged group to unlock significant value that would not have been accessible on a standalone basis.”

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On March 14th, 2022, Aventus Group (AVN) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following the acquisition of all the issued units in AVN by HDN Funds Management Limited as responsible entity of the HomeCo Daily Needs REIT by way of trust scheme, and the acquisition of all the issued shares in AVN by Home Consortium Limited by way of a scheme of arrangement.