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World Class Global receives A$69 mil from handover of units at AVANT

By Angela Teo

/ EdgeProp |

March 28, 2018 11:30 AM SGT

SGX-listed real estate company World Class Global, the international property arm of jeweller Aspial Corp, has received A$69 million ($69.6 million) from the handover of 134 completed residential units at its 456-unit Melbourne project, AVANT.

The developer will continue to realise settlements of A$35.8 million from the handover of 69 completed residential units at the freehold, 56-storey residential tower over the next few weeks.

Ninety-seven per cent (444 units) at AVANT have been sold as at March 27, with sales totalling A$256.4 million. The residential development is located in Melbourne’s CBD, within walking distance of RMIT University.

Artist's impression of the 456-unit Melbourne residential tower AVANT by World Class Global, which is 97% sold as at March 27 (Credit: World Class Global)

According to World Class Global, it has two other residential projects in Australia that have yet to be launched.

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