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AVJennings

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From Wikipedia, the free encyclopedia
AVJennings
TypeSubsidiary
ASX: AVJ
SGX: A05
IndustryHome construction
Founded1932
FoundersAlbert Victor Jennings
HeadquartersHawthorn, Victoria
Area served
Australia
Key people
Phil Kearns (CEO)
ProductsHouses
Revenue$320 million (2024)
$19 million (2024)
ParentAvid Property Group
Websitewww.avjennings.com.au

AVJennings is a home construction company in Australia. Formerly listed on the Australian Securities Exchange and Singapore Exchange, it is a subsidiary of the Avid Property Group.

History

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AVJennings was founded by Albert Victor Jennings in 1932.[1][2] In 1950, it was listed on the Australian Securities Exchange.[3] It became a dual listed company with a listing on the Singapore Exchange.[4]

In April 2000, majority shareholder MPH Group launched a takeover offer to acquire the 27% of share in AVJennings that it did not already own.[5] At the end of the process it MPH ended up with a 93% shareholding.[6] In March 2001, MPH began proceedings to compulsorily acquire the remaining shares.[7]

In August 2010, AVJennings' contract building division was sold to Sekisui House leaving it to focus on land and residential developments.[8][9]

In August 2025, AVJennings was taken over by Avid Property Group and delisted.[10][11][12][13]

References

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Retrieved from "https://en.wikipedia.org/w/index.php?title=AVJennings&oldid=1359326037"