Augusta nets $2.9 mln for NZME building syndication

Sun, 07 Aug 2016

By Paul McBeth Aug. 8 (BusinessDesk) - Augusta Capital reaped $2.9 million in fees from its biggest property syndication deal on the purchase of the NZME Central complex in downtown Auckland. The property investor and funds management firm will receive an offeror's fee of $2.2 million for setting up a syndicated offer for the building, which was oversubscribed, it said in a statement. The firm also received a $750,000 underwriting fee and will continue to generate management fees for the building. The syndicated offer raised $70 mill...

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