Latest Property Development Sector News

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.

AVJennings shareholders have overwhelmingly approved the proposed acquisition by Proprium Capital Partners and AVID, setting the stage for final court approval and a significant shift in ownership.

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.

AVJennings Limited has announced a proposed $0.655 per share acquisition scheme by PM Nominees C Pty Ltd, an investment vehicle of Proprium Capital Partners and AVID, offering shareholders a near 100% premium over recent trading prices. The scheme, supported unanimously by the board and an independent expert, awaits shareholder and court approval.

Eureka Group Holdings has upsized its debt facilities to $185 million with improved terms, enhancing its financial flexibility to expand residential developments across Australia.

Peet Limited has upgraded its FY25 net profit forecast, buoyed by a robust project pipeline and solid settlement progress, signaling sustained growth in the property development sector.

BauMart Holdings reports meaningful progress in expanding its distribution networks and strategic collaborations during the December 2024 quarter, positioning itself for growth across Indonesia, Australia, and the mining sector.