Augusta buys industrial property in Brisbane for planned syndication

Sun, 19 Jul 2015

By Paul McBeth July 20 (BusinessDesk) - Augusta Capital, the listed property investor and fund manager, has bought industrial property in Australia's Brisbane which it plans to offer through a syndication later this year. The Auckland-based company entered into an unconditional agreement to buy the Willawong site for A$10.66 million, and will lease the location to coatings and chemical manufacturer Akzo Nobel for an initial term of eight years, it said in a statement. The deal is expected to settle on Dec. 1 and the purchase price represe...

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