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AVEO GROUP (ASX: AOG) is anticipating a strong end to the financial year, predicting strong sales and projected growth, as it continues to focus on retirement assets.
Living units and serviced apartments sales in the Retired Established Business division totalled 494 in FY14 to date, a 15 per cent increase in settlements compared to this time last year.
“We are very pleased with the continued strength of our residential portfolio sell-down.
Residential Communities and Apartments contracts for FY14 have increased 68 per cent to $426 million.
“On current rates of sale we would also expect Rochedale to be fully sold in three to four years and Peregian/Ridges to be fully sold in four to five years.
AOG has confirmed its underlying profit guidance remains up on FY13 results.
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