Share
- Release Date: 20/12/12 12:06
- Summary: ASSET: AUG: PURCHASE OF INDUSTRIAL PROPERTY
- Price Sensitive: No
- Download Document 1.1KB
AUG
20/12/2012 10:06
ASSET
REL: 1006 HRS Augusta Capital Limited
ASSET: AUG: PURCHASE OF INDUSTRIAL PROPERTY
PURCHASE OF 33 HUGO JOHNSTON DRIVE, PENROSE, AUCKLAND
The company advises that is has entered into an agreement to purchase the
land and buildings at 33 Hugo Johnston Drive, Penrose for $14.20 million,
representing a purchase yield of 8.45%. The property will be subject to a new
10 year lease to Carter Holt Harvey Limited from settlement. The agreement
remains conditional on the vendor obtaining resource consent for a
sub-division to create a new title for the property. This is expected in
April 2013, with settlement scheduled to occur shortly after.
The company intends to syndicate this property prior to settlement through
its wholly owned subsidiary Augusta Funds Management Limited. The proposed
syndication would be fully underwritten by Augusta Capital Limited.
-ENDS-
For further information please contact:
Christopher Francis
General Manager
Augusta Capital Limited
T (09) 300 6161
F (09) 300 6162
E [email protected]
End CA:00231418 For:AUG Type:ASSET Time:2012-12-20 10:06:46
