World Class Global to hand over first phase of Avant development in Melbourne to buyers

SINGAPORE (Feb 27): World Class Global, 80% owned by jeweller Aspial Corp, is handing over the first phase of its Avant property development project in Melbourne, Australia.

World Class Global said it had, on Feb 23, notified the purchasers of a total of 203 completed apartment units occupying the first 30 storeys of Avant, to commence settlement and handover of these units.

With the First Phase Handover, the group expects to recognise revenue of up to A$104.8 million ($108.3 million).

---

Related Stories

• Aspial Corporation expects FY2023 loss in profit guidance
• Aspial Corporation proposes to dispose Brisbane property for A$32 mil
• Maxi-Cash proposes to adopt shareholders' mandate to enter into IPTs with Aspial Group

---