News

July 23, 2025 | IN Media Release and News | BY AVID | 1 min read 

AVID Property Group (AVID) is set to acquire ASX-listed AVJennings Limited (AVJ), in a deal which would see the national developer increase its portfolio to 69 projects and gross revenue pipeline to $7 billion.

The acquisition by way of scheme of arrangement (the Scheme) was today, Wednesday 23 July, approved by the Supreme Court of New South Wales. This follows shareholder approval earlier this month.

It is expected that the Scheme will become effective on Thursday 14 August and AVID will assume control of AVJs’ operations and assets.  

AVID is an award-winning Australian developer, responsible for a diversified selection of residential masterplanned communities, land lease communities, completed houses and apartments. AVID has proven track record with the delivery of $4.9 billion worth of projects over the past 17 years.

For more information, visit www.staging1.avid.com.au. 

For further enquiries, please contact:
Ben Wilson, Managing Partner GRACosway
+61 407 966 083, bwilson@gracosway.com.au