Aventus Capital Limited as responsible entity for Aventus Retail Property Fund (AVN) is pleased to announce the successful completion of its underwritten 1 for 4.3 non-renounceable entitlement offer (Entitlement Offer) to raise $215 million, as announced on Tuesday, 30 May 2017.

Aventus Retail Property Fund is a managed investment trust of Large Format Retail (LFR) centres in Australia. The proceeds from the Equity Raising will be used to partially fund settlement of the acquisition of two large format retail (LFR) centres located in metropolitan Sydney, in Castle Hill and Marsden Park for $436 million (Acquisition).

The retail component of the Entitlement Offer (Retail Entitlement Offer) closed on Friday, 23 June 2017, raising approximately $53 million at the offer price of $2.32 per new unit (Offer Price). This follows the successful completion of the institutional component of the Entitlement Offer which raised approximately $162 million. The offer was at a 5.3% discount to the theoretical ex-rights price.

The Retail Entitlement Offer was well supported by existing retail unitholders, with a total take-up of approximately $30 million representing a participation rate of approximately 56% (including eligible existing retail unitholders who applied early and were allotted new units on the same day as units were allotted under the institutional component of the Entitlement Offer).

Macquarie Capital (Australia) and UBS AG Australia Branch were joint underwriters.

For further information please see www.aventusproperty.com.au