Augusta buys Lufthansa house in Auckland CBD for $16.5M

Mon, 12 Oct 2015

By Suze Metherell Oct. 13 (BusinessDesk) - Augusta Capital, the listed property and funds manager, has bought a 15 level building in central Auckland for $16.5 million from Cook Property Group. Auckland-based firm has entered into an unconditional agreement, via its subsidiary Augusta Funds Management, to buy 36 Kitchener Street, which has a weighted average lease term of 1.8 years, it said in a statement. According to Cook Property Group's website, it currently owns the building known as Lufthansa House. Augusta, formerly known as Ker...

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