Ann: GENERAL: AUG: Funds Management Update - Southgate Takanini Syndication

• Release Date: 01/05/15 09:09
• Summary: GENERAL: AUG: Funds Management Update - Southgate Takanini Syndication
• Price Sensitive: No
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					AUG
01/05/2015 09:09
GENERAL
PRICE SENSITIVE
REL: 0909 HRS Augusta Capital Limited

GENERAL: AUG: Funds Management Update - Southgate Takanini Syndication

Augusta Funds Management Limited's syndication of the Southgate Takanini
Shopping Centre launched on 14 March 2015. The company set out to raise $34.3
million of equity to fund the $58.5 million purchase (Augusta's second
largest to date). We are pleased to advise that the acquisition was settled
on 30 April 2015.  Augusta Capital has subscribed for $12.45 million in units
under its underwrite.  Those units remain available for sale and enquiry
remains strong, with a large number of confirmed applications received with
settlements due over the coming weeks. These units will be held by Augusta
Capital pending completion of the secondary sale process and are accretive to
the company's earnings while held.

-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:00263771 For:AUG    Type:GENERAL    Time:2015-05-01 09:09:59