Brief: Augusta Capital Acquiring Albany Lifestyle Centre, Auckland For New Fund

Argosy Property

23/05/2019 21:51

May 24 (Reuters) - Augusta Capital Ltd  AUG.NZ :
    * 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

Source text for Eikon:  ID:nNZW8DdtwB 
Further company coverage:  AUG.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))