Augusta Capital buys NZME House in Auckland for $115.8M for syndication offer

Sun, 17 Apr 2016

By Paul McBeth April 18 (BusinessDesk) - Augusta Capital, the listed property investor and fund manager, has bought NZME House in Auckland for $115.8 million with plans to bundle the property into a syndication investment offer. Auckland-based Augusta bought the building from New Zealand property developer Mansons TCLM, with the deal to settle on Aug. 15, it said in a statement. The firm will pay for the building through a planned $70 million syndication offer, which will open in May, with the balance funded by debt. The syndication is f...

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