Latest Property Development News

Mustera Property Group advances its North Fremantle McCabe Street project with a planned sales launch in Q3 2025, while settling two Forbes Residences units for $4.6 million, underpinning positive cash flow and refinancing benefits.

Raptis Group has entered a facilitation agreement to source funding for the Sterling Residences Broadbeach project, potentially earning up to $16 million in commission fees upon completion and unit settlements.

AVJennings Limited has issued over 6.7 million shares to satisfy the vesting of performance and retention rights as part of its ongoing acquisition by Proprium Capital Partners and AVID entities.

AVJennings Limited shares will halt trading following court approval of a takeover scheme by PM Nominees C Pty Ltd, marking a pivotal shift for the property developer.

AVJennings Limited’s acquisition scheme has received Supreme Court approval, triggering share suspension and a scheduled delisting from ASX and SGX.

AVJennings Limited has announced a fully franked special dividend conditional on its upcoming acquisition scheme, adjusting the final payout to shareholders. Key dates for dividend payment and scheme implementation are set for August 2025.

AVJennings Limited has announced a special fully franked dividend of AUD 0.167 per share, contingent on court approval of a proposed scheme of arrangement with PM Nominees C Pty Ltd.

Cromwell Property Group has provided fresh details on its Barton development, confirming a $201 million total cost and a projected yield exceeding 6.3%. This update clarifies financial expectations amid growing market interest.

Peet Limited has appointed its long-serving CFO Brett Fullarton as Interim CEO effective immediately, ahead of the planned departure of CEO Brendan Gore on 1 July 2025. This move aims to ensure a smooth leadership transition while a permanent CEO search is underway.

Finbar Group has fast-tracked Ronald Chan’s appointment as CEO, aiming to leverage his deep company experience to strengthen its development pipeline and growth strategy.

UOA Development Bhd reported a striking surge in first quarter 2025 revenue and profit, driven by strong sales and ongoing project progress. The company’s robust unbilled sales pipeline signals sustained growth ahead.

Mustera Property Group has promoted long-serving Executive Director Nicholas Zborowski to Managing Director, signaling continuity in leadership as the company advances key development projects.