News: AVN Aventus Retail Property Fund acquires two large format retail centres

May 30 (Reuters) - Aventus Retail Property Fund (AVN)

• Entered into an unconditional agreement to acquire two large format retail centres located in metropolitan sydney for $436 million
• Transaction is not expected to have a material impact on fund in FY17 with FFO per unit expected to be 17.7 cents
• FY18 FFO per unit is expected to be 2% to 4% higher than FY17, including impact of transaction
• Undertaking an underwritten 1 for 4.3 accelerated non-renounceable entitlement offer of units in the fund
• Non-renounceable entitlement offer at a fixed issue price of $2.326 per unit to raise $215 million
• Proceeds from equity raising to be used to partially fund acquisition, with balance funded through a $300 million increase in existing debt facility