Ann: ASSET: AUG: Augusta to Syndicate Hamilton Supermarket

• Release Date: 19/11/15 09:00
• Summary: ASSET: AUG: Augusta to Syndicate Hamilton Supermarket
• Price Sensitive: No
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					AUG
19/11/2015 09:00
ASSET
PRICE SENSITIVE
REL: 0900 HRS Augusta Capital Limited

ASSET: AUG: Augusta to Syndicate Hamilton Supermarket

Augusta Capital Limited is pleased to announce that its wholly owned
subsidiary Augusta Funds Management Limited has entered into an agreement to
purchase a Countdown supermarket property located at 160 Peachgrove Road,
Hamilton. The supermarket is currently under development but is expected to
begin trading in early December 2015. The property will be leased to General
Distributors Limited, a subsidiary of Progressive Enterprises Limited, with
an initial lease term of 15 years commencing from the settlement date which
is scheduled for 22 December 2015.
Augusta will offer the property to its investors by way of syndication with
an offer expected to open in late-November 2015.
The purchase price is $18 million reflecting a net yield of 7.13%. The
syndicated offer will seek to raise $11 million in investor equity. The offer
will be fully underwritten by Augusta Capital Limited.

-ENDS-

For further information please contact:

Mark Francis
Managing Director
End CA:00273684 For:AUG    Type:ASSET      Time:2015-11-19 09:00:42