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

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