Cherie Sivignon15:22, May 04 2021
Martin De Ruyter/Stuff
The Lee Valley construction site of the Waimea Community Dam, photographed in early April.
The council has been accused of going “through the back door” with a proposal to target rate Waimea Irrigators Ltd-affiliated landowners to recover a slice of the Waimea dam project overrun costs. In one of more than 1700 submissions to the council’s draft Long Term Plan 2021-31, Waimea Irrigators Ltd (WIL) points out that the Tasman District Council agreed to a clause in the project deed that any overrun costs would be shared 50/50 between the council and WIL for the first $3m, “and those in excess of $3m are to be funded by TDC”.
Market Insights – by Trilogy Funds
Management
The past year has seen major shifts in Australia s property
markets, but not in our attitudes to property. Buyers may favour
different areas or property types over time, and price growth may
occasionally stall or even reverse, but surveys show that our faith
in bricks and mortar as an investment option remains just as solid
as the long-term upward trend in property values. Here are 10
reasons why Australian investors devotion to property is so
unwavering.
1. It s the main game
Property is by far the largest asset class in Australia, often
making it a key component of any balanced investment portfolio. The
Press Release – Augusta Funds Management
Augusta Funds Management has launched its largest ever single asset property investment opportunity encompassing a huge industrial complex in Penrose, Auckland.
Investors are being offered the opportunity to purchase shares in Augusta Penrose Limited, a company to be established to acquire and own a 67,655 sq m manufacturing and distribution plant on an 8.576ha site at 752 Great South Rd. The property has a 20-year lease to Visy Glass Operations (NZ), part of the Visy Group, a large paper, packaging and recycling company with 5,000 employees and more than 120 sites throughout Australasia.
The offering is being marketed by Bayleys’ Syndication & Investment Products team of Mike Houlker, Samara Phillips, Sarah Prebble and Shirley Leung, with a minimum investment of $50,000 of shares.
Press Release – Augusta Funds Management Augusta Funds Management has launched its largest ever single asset property investment opportunity encompassing a huge industrial complex in Penrose, Auckland. Investors are being offered the opportunity to purchase shares in Augusta Penrose Limited, …
Augusta Funds Management has launched its largest ever single asset property investment opportunity encompassing a huge industrial complex in Penrose, Auckland.
Investors are being offered the opportunity to purchase shares in Augusta Penrose Limited, a company to be established to acquire and own a 67,655 sq m manufacturing and distribution plant on an 8.576ha site at 752 Great South Rd. The property has a 20-year lease to Visy Glass Operations (NZ), part of the Visy Group, a large paper, packaging and recycling company with 5,000 employees and more than 120 sites throughout Australasia.
Leading New Zealand commercial property fund manager
Oyster will re-open the industrial fund, Oyster Industrial
Limited.
Oyster Industrial was launched in October
2019, initially acquiring two recently built industrial
properties in Wiri, Auckland. The first equity raise was
fully subscribed early. The launch of the industrial
investment opportunity at the time allowed investors to
participate in New Zealand’s top-performing property asset
class at an affordable price point.
Mark Schiele, CEO
at Oyster has confirmed Oyster Industrial has contracted to
purchase three additional industrial properties early in the
new year and expects to open the fund’s second equity
raise in the coming week.