Augusta Capital buys Wellington property for new Industrial Fund, due to launch early next year

Sun, 10 Dec 2017

By Rebecca Howard Dec. 11 (BusinessDesk) - Augusta Capital has unconditionally purchased a Wellington industrial property as a seed asset for a new industrial fund that is expected to initially raise between $50 million and $70 million of equity when it launches early next year. Augusta bought the property in Seaview, Wellington for $44.9 million and is currently investigating and undertaking due diligence on several Auckland-based industrial properties, it said in a release to the stock exchange. "It is the company's intention to in...

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