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

Investore buys New Lynn Bunnings site for $43 million
Property

Investore buys New Lynn Bunnings site for $43 million

Investore Property has struck a deal to acquire the Bunnings complex in New Lynn, Auckland.The company told the market on Friday it had entered an unconditional agreement to acquire the property for $43 million.The 2.2-hectare site at 2–12 Titirangi Rd features an 11,000sq m buil...

Staff reporters 27 Jun 2025
Senior Trust offeror gets a serve from FMA
Property

Senior Trust offeror gets a serve from FMA

Senior Trust has been paying returns with new investor funds and borrowings.

Maria Slade 26 Jun 2025
Du Val build-to-rent properties sold, PwC says
Property

Du Val build-to-rent properties sold, PwC says

The 171 units in May Rd and McKenzie Rd were bought in 2021 for $35m.

Maria Slade 23 Jun 2025