Centuria takes another tilt at Augusta with $169.5m bid

Centuria takes another tilt at Augusta with $169.5m bid
Jenny Ruth
ASX-listed Centuria Capital is making another tilt at Augusta Capital, offering $1 a share for the 76.7 percent it doesn't already own. That's half the per-share amount it was prepared to pay in January, but Augusta's issued shares have expanded about 88 percent following its May capital raising. As with the earlier bid, the new offer is a mix of cash and Centuria's stapled securities, but unlike the previous offer, Augusta's shareholders don't get a choice; the new offer is 20 cents cash and 0.392 Centuria securities per Augusta share....

More Property

Vector faces fresh complaint on unfair contract terms
Property

Vector faces fresh complaint on unfair contract terms

Vector faces more scrutiny over contract terms after Commerce Commission advice.

Vector ‘on notice’ for unfair contract terms; complainant now facing higher costs
Property

Vector ‘on notice’ for unfair contract terms; complainant now facing higher costs

A developer’s Fair Trading win against Vector feels like a loss.

Garth Bray 01 Jul 2025
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