AVJennings
Australian home building company
From Wikipedia, the free encyclopedia
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.
| Company 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 |
History
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]