Augusta Capital sells Auckland Finance Centre for $87 million

Wed, 12 Aug 2015

By Suze Metherell Aug. 13 (BusinessDesk) - Augusta Capital, the listed property investor and fund manager, has conditionally sold its Auckland Finance Centre for $87 million, pending due diligence and shareholder approval. The deal is 8 percent above the carrying book values of the combined properties which are the Finance Centre Carpark, Finance Centre Podium, 19 Victoria Street West and Retail Title, the Auckland-based company said in a statement. The deal is expected to settle on March 24 next year and the proceeds will be used to rein...

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