Augusta Capital Ltd’s Augusta Industrial Fund has agreed to buy one Christchurch & 4 Auckland industrial properties for $174 million, taking the gross asset value of the fund to $294 million on completion.
Augusta Capital Ltd announced last Monday it had entered into an unconditional agreement to acquire land in the Queenstown cbd for a 5-star hotel development, and on Friday it confirmed settlement.
Augusta Capital Ltd said yesterday its transaction to buy 54 Cook St, at the top of the Auckland central business district, was unconditional and would settle today.
Augusta Capital Ltd said on Friday the shareholders of Augusta Value Add Fund No 1 Ltd had approved the sale of 54 Cook St to the Augusta Capital group.
NZX-listed Asset Plus Ltd – the former NPT Ltd now managed by Augusta Capital Ltd – has reduced its total debt to $14.45 million after banking the return from its sale of the AA Centre in Auckland.
Augusta Capital Ltd talks of new directions in its annual report, and managing director Mark Francis gave some details on that approach when he spoke at the company’s annual meeting in Auckland last week.