Augusta Capital finalises sale of Augusta House for $30 mln, plans new initiatives with proceeds

Sun, 09 Jul 2017

By Sophie Boot July 10 (BusinessDesk) - Augusta Capital has sold one of its properties for $30 million, which it says will be used to pay down debt and fund future acquisitions. The listed property investor and fund manager subdivided its Finance Centre into four parts: Augusta House, Podium Retail, Finance Centre Podium and Finance Centre Carpark. Augusta House has been sold to an undisclosed buyer who has paid $6 million in deposits so far, with settlement due on July 2. Podium Retail will settle on April 1, 2018, while the other two pr...

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