Centuria, Augusta at odds on tourism fund deferral

Tue, 18 Feb 2020

Augusta Capital and its suitor, ASX-listed Centuria Capital, are at odds over why Augusta decided to defer the launch of its tourism fund until its 2021 financial year.The launch was originally planned for next month.Augusta managing director Mark Francis told BusinessDesk that the coronavirus crisis, which is impacting a number of tourism businesses, wasn't the reason for the deferral."The virus wasn't the driver. We are in market raising $90 million for our Augusta Property Fund at the moment and the tourism fund will follow that. At one poin...

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