1. Most Discussed
  2. Gainers & Losers
AUG $1.11

Ann: ASSET: AUG: Augusta to Syndicate Christchurch Industrial Property

    • Release Date: 11/02/15 09:38
    • Summary: ASSET: AUG: Augusta to Syndicate Christchurch Industrial Property
    • Price Sensitive: No
    • Download Document  1.24KB
    					AUG
    11/02/2015 09:38
    ASSET
    PRICE SENSITIVE
    REL: 0938 HRS Augusta Capital Limited
    
    ASSET: AUG: Augusta to Syndicate Christchurch Industrial Property
    
    Augusta Capital Ltd is pleased to announce that its wholly owned subsidiary
    Augusta Funds Management Ltd has entered into an unconditional agreement to
    purchase an industrial property located at 30-32b Birmingham Drive,
    Christchurch. The property will be leased to PMP (NZ) Limited, a subsidiary
    of ASX Listed PMP Limited, for an initial term of ten years from the
    settlement date which is scheduled for 19 June 2015. PMP Limited guarantees
    the lease.
    
    Augusta will offer the property to its investors by way of syndication with
    an offer expected to open in early May 2015.
    The purchase price is $9.4 million reflecting a yield of 8.57%. The
    syndicated offer will seek to raise $6 million in investor equity of which
    half is being underwritten by Augusta Capital Ltd and the remaining half by a
    private third party.
    
    -ENDS-
    
    For further information please contact:
    
    Mark Francis
    Managing Director
    
    Augusta Capital Limited | Level 2, 4 Viaduct Harbour Ave | Auckland | New
    Zealand
    PO Box 37953 Parnell | P:+649 300 6161 | F:+649 300 6162   www.augusta.co.nz
    End CA:00260482 For:AUG    Type:ASSET      Time:2015-02-11 09:38:56
    
    				

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top

Thank you for visiting HotCopper

We have detected that you are running ad blocking software.


HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.