Augusta to buy A$23 mln industrial property in Brisbane for syndication

Mon, 01 Feb 2016

By Paul McBeth Feb. 2 (BusinessDesk) - Augusta Capital, the listed property investor and fund manager, will buy a A$23 million industrial property in Brisbane, which it plans to put up for syndication. The Auckland-based company will offer the property to syndicate investors in mid to late March, with a view to raising A$14 million, it said in a statement. The acquisition is conditional on Augusta raising at least A$9 million by the end of May. The Brisbane real estate is made up of two buildings, one whose tenant is in the second yea...

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