Augusta buys Christchurch site for $39.5M, plans syndication offering

Sun, 01 Nov 2015

By Suze Metherell Nov. 2 (BusinessDesk) - Augusta Capital, the listed property investor and fund manager, has agreed to buy a Christchurch industrial property for $39.5 from an undisclosed seller, which it plans to offer to investors through a syndication later this month. The Auckland-based company will raise $25.2 million in investor equity through the syndication, of which $6 million will be subscribed to by the vendor, it said in a statement. The purchase agreement will be settled after the capital raise in mid-December. The prop...

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