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Investors are being offered the opportunity to purchase shares in Augusta Penrose Limited.
In the current environment, demand for commercial and industrial property investment opportunities continues to increase as kiwis seek out greater returns. One of New Zealand s leading and largest property fund managers, Augusta Funds Management, has been one of the leaders in improving New Zealanders accessibility to quality commercial and industrial assets for the past 20 years. Augusta launched their largest ever single asset property investment opportunity last week, The Visy Glass Industrial Property. It s a substantial 8.576ha industrial complex in Penrose, Auckland with a 20 year lease to Visy Glass Operations (NZ) Limited, part of the Visy Group, one of the world s largest paper, packaging and recycling companies with 5,000 employees and more than 120 sites throughout Australasia.
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.