News and Announcements
Augusta Value Add Fund No. 1 Ltd Offer Closing Soon
- Published March 14, 2016 11:58AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Augusta Value Add Fund No. 1 Limited is a recently established New Zealand Closed End fund that will acquire a portfolio of five commercial and industrial properties, each located within key locations in New Zealand’s growth centre Auckland.
The properties currently provide a running cash yield, with each property in its own right providing an opportunity to add value given its characteristics.
The Fund’s objective is to deliver pre-tax internal rate of return of 11%-14% pa through acquiring, redeveloping or implementing value-add strategies (such as re-leasing or re-zoning) and then selling down its portfolio of properties.
Offer Closes 23rd March 2016!
To find out more about this investment opportunity please click on the Receive Offer button below.
Offer Highlights
- All 5 commercial or industrial properties are located in Auckland.
- All properties have income from existing tenants or rental underwrites.
- All are independently valued, total NZ$112 million, acquisition price NZ$109 million.
- NZX Listed Company Augusta Capital is taking a minimum 10% shareholding themselves.
- The share issue is fully underwritten.
- Maximum of 5 year term.
- Structured as a portfolio investment entity.
- The offer is open in Australia only to those who are either a “sophisticated investor” or “professional investor” under the corporations Act 2001 (6th) – No offer is being made outside Australia or New Zealand.
Investors get a quarterly distribution of income (projected to be 6% in the first financial year) plus share of any increase in value of the property when sold, giving total target return of 11% – 14% pre-tax.
If you wish to invest please click on the ‘Receive Offer’ button. The offer closes on the 23rd March 2016, but all documents need to be in the post to Chapman Tripp, PO Box 2206, Auckland or Courier level 38, ANZ Centre, 22 – 29 Alberts St, by 21st March to ensure processing can be done in time.
To register your interest in Augusta please click on the ‘Receive Offer’ button below.
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