AVJennings
| Type | Subsidiary |
|---|---|
| ASX: AVJ SGX: A05 | |
| Industry | Home construction |
| Founded | 1932 |
| Founders | Albert Victor Jennings |
| Headquarters | Hawthorn, Victoria |
Area served | Australia |
Key people | Phil Kearns (CEO) |
| Products | Houses |
| Revenue | $320 million (2024) |
| $19 million (2024) | |
| Parent | Avid Property Group |
| Website | www.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
[edit]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
[edit]- ↑ Air Albert Jennings Property Council of Australia
- ↑ 85 years and counting AVJennings 5 January 2017
- ↑ Jennings files prospectus Sun News-Pictorial 21 November 1950 page 21
- ↑ Property developer AVJennings attracts $326 million privatisation offer Straits Times 29 November 2024
- ↑ Jennings shares leap as MPH seeks to mop up Australian Financial Review 28 April 2000
- ↑ MPH Limited advice re T/O offers for shares & options AVJennings 28 July 2000
- ↑ MPH Limited to proceed to compulsory acqiistion AVJennings 8 March 2001
- ↑ House builder AV Jennings sells contract division to Japanese firm Sydney Morning Herald 12 June 2010
- ↑ AVJennings moves into Noosa Australian Financial Review 24 November 2010
- ↑ Private equity-backed developer AVID Property Group lobs $374m takeover bid for AVJennings Business News 28 November 2024
- ↑ Home builder AVJennings accepts $365m takeover bid Australian Financial Review 1 April 2025
- ↑ AVID completes acquisition of AVJennings AVJennings 14 August 2025
- ↑ AVJennigs Limited - Removal from Official List Australian Securities Exchange 15 August 2025
- Companies based in Melbourne
- Companies formerly listed on the Australian Securities Exchange
- Companies formerly listed on the Singapore Exchange
- Construction and civil engineering companies established in 1932
- Construction and civil engineering companies of Australia
- Former dual-listed companies
- Home builders
- 1932 establishments in Australia
- 2025 mergers and acquisitions