Augusta buys Visy factory for $178m; Centuria raising A$100m

Thu, 22 Oct 2020

Augusta Capital is buying the Visy glass factory in Auckland for $178 million in a sale-and-lease back deal, with Visy and Augusta planning to syndicate the property.At the same time, Augusta's new Australian parent, ASX-listed Centuria Capital, has announced a A$100 million capital raising.Centuria will underwrite the factory syndication, which will become the group's largest.Centuria said the acquisition "is a good example of the type of transformative transaction Augusta Capital can contemplate with the support of the Centuria b...

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