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United States

Augusta Capital Acquiring Albany Lifestyle Centre, Auckland For New Fund


Thursday, 23 May 2019 04:41pm EDT 

May 24 (Reuters) - Augusta Capital Ltd ::ACQUIRING ALBANY LIFESTYLE CENTRE, AUCKLAND FOR NEW FUND.DEAL FOR PURCHASE PRICE IS ABOUT NZ$89 MILLION.IF ACQUIRED BY SINGLE ASSET FUND, EQUITY COMPONENT OF FUND EXPECTED TO BE ABOUT NZ$55 MILLION WITH BALANCE FUNDED BY BANK DEBT FACILITY.AUGUSTA WILL UNDERWRITE NZ$20 MILLION OF RAISING WITH A THIRD PARTY UNDERWRITING BALANCE. 

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18 Jun 2019