AUG
18/12/2015 16:05
GENERAL
PRICE SENSITIVE
REL: 1605 HRS Augusta Capital Limited
GENERAL: AUG: Redevelopment of Oji Fibre Solutions' Premises - Update
Augusta Capital Limited previously announced on 27 November 2015 that it had
entered into a development and lease variation agreement with Oji Fibre
Solutions (NZ) Limited (formerly Carter Holt Harvey Pulp & Paper Limited) and
the existing Augusta managed syndicate that owns Oji's Penrose premises.
The agreement was conditional on the approval of Oji's board as well as the
approval of the investors in the existing syndicate which owns the property.
Both these conditions have now been satisfied.
The new syndicate is expected to be established by 31 March 2016.
-ENDS-
For further information please contact:
Mark Francis
Managing Director
End CA:00275425 For:AUG Type:GENERAL Time:2015-12-18 16:05:34
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