Augusta directors recommend Centuria takeover

Augusta directors recommend Centuria takeover
Jenny Ruth
An independent valuer said Augusta Capital's shares are worth between 85 cents and $1 and so Augusta's independent directors are unanimously recommending the takeover offer from ASX-listed Centuria in the absence of a higher offer. Centuria is offering 22 cents in cash – raised from 20 cents on July 2 – and 0.392 Centuria shares for each Augusta share. At Friday's closing price, taking into account the value of the New Zealand dollar against the Australian dollar, that values the offer at 91 cents per share. Centuria has already declared...

More Property

Auckland council on the hook for $150m building claim
Property

Auckland council on the hook for $150m building claim

Justice Tracey Walker heard the case from May to October 2022.

Staff reporters 26 Mar 2024
Winton's Wynyard: for the wealthy and well-heeled
Property

Winton's Wynyard: for the wealthy and well-heeled

Big balconies take advantage of the harbour and historic quarter views. 

Brent Melville 26 Mar 2024
Funds cut payments, hive off assets to survive, until better times come
Property

Funds cut payments, hive off assets to survive, until better times come

Property syndicators forced to sell their owned properties into a buyers market.

Brent Melville 25 Mar 2024
Build-to-rent 'doesn't work', but it needs to
Property

Build-to-rent 'doesn't work', but it needs to

Institutions say it's a tough sector given regulatory and tax settings.

Brent Melville 22 Mar 2024