Augusta lines up third property for industrial property fund

Paul McBeth
Sun, 21 Jan 2018

By Paul McBeth Jan. 22 (BusinessDesk) - Augusta Capital has made a conditional offer to buy a property owned by one of its syndicates that it wants for the industrial property fund slated to be launched this year.  Auckland-based Augusta's funds management unit has sent a notice of meeting to investors in the 12 Brick St property seeking to buy the property which would be the third and final acquisition for a new fund, it said in a statement. The deal is subject to the fund raising enough capital and tenant D&H Steel Construction waiving...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

My Net Worth FREE
My Net Worth: Zac Stephenson, managing director, MediaCom
Daniel Dunkley | Sun, 03 Jul 2022

MediaCom managing director Zac Stephenson says he's proud of surviving in the media industry, which can be stressful and intense. 

Finance FREE
Money Answers: what's the best share investing strategy in a recession?
Frances Cook | Sat, 02 Jul 2022

Spreading your money through good quality companies, then leaving it alone for a few years is the boring but most likely way to build wealth for most of us. 

On the Money
On The Money: Air NZ's feeding frenzy, Kerry Prendergast's movie date, and more
Pattrick Smellie | Sat, 02 Jul 2022

In this week's OTM: Greg Foran's preference for pies, Kerry Prendergast's future at the film commission, a blast from the past from Enable Networks, and more...

Sponsored
Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.