Court approves Scheme for HDN and Aventus merger

Home Consortium (ASX: HMC) is pleased to announce the approval received from the Supreme Court of NSW for the merger of HomeCo Daily Needs REIT (ASX: HDN) and Aventus Group (ASX:AVN). 
 
HMC Managing Director & Group CEO, David Di Pilla said, “Today marks another significant milestone for HMC and HDN (“the Group”) showcasing our core competency to originate and execute complex, large-scale transactions. Listed only in November 2020 with $800m of assets, HDN is now Australia’s leading daily needs REIT with $4.4bn portfolio of strategic real estate infrastructure in the best metro locations and growth corridors.”
 
The implementation date for the merger is scheduled for Friday, 4 March 2022, with HDN FY22 Half Year results to be released on 23 February 2022.