Augusta buys second property for industrial fund

Tue, 26 Dec 2017

By Paul McBeth Dec. 27 (BusinessDesk) - Augusta Capital has bought a second property which it plans to add to an industrial property fund scheduled to launch next year. The Auckland-based company has unconditionally agreed to buy a 2.37 hectare site in the Auckland suburb of Penrose for $19.1 million, which will be acquired by Augusta's upcoming industrial fund, settling on March 29, it said in a statement. The industrial property currently houses packaging firm Graphic Packaging International New Zealand, which will sign an eight-year l...

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