Since opening the offer on 29 June 2020, Centuria NZ has acceptances which, together with its existing shareholdings in Augusta, represent 65.86% of Augusta’s shares.

John McBain, Centuria Joint CEO, said, “I am delighted to report close to two-thirds of Augusta shares1 have been secured within eight business days of the takeover offer commencing and to report that Centuria has declared the offer unconditional.

“We are encouraged by the significant response and we are looking forward to completion of the offer and expanding Centuria’s funds management platform into the New Zealand market. Augusta is a substantial player in this market with a highly effective team. We anticipate New Zealand to be an important growth engine within the Centuria platform.

“Moreover, given the relative strength of the Australian commercial market, the position Centuria enjoys on the S&P/ASX 300 and Centuria’s strong distribution history, we are excited for so many Augusta shareholders taking up Centuria scrip.”

Progress of the offer

On 30 June, Centuria NZ varied its offer by increasing the cash component from NZ$0.20 to NZ$0.22 per Augusta share. The scrip component of 0.392 Centuria stapled securities per Augusta share remained unchanged. On that date, Centuria NZ also indicated its intention for the offer to become unconditional if acceptances were received which, together with Centuria NZ’s existing shareholdings, represented 63.5% of Augusta’s shares.

As at 8 July, acceptances of the offer, together with Centuria’s existing shareholding, represent 65.86% of Augusta’s shares.

Centuria NZ has notified the increase in the cash component of the offer to Augusta shareholders. All shareholders who have accepted the offer will receive the higher cash component.

05.09.2022

Centuria NZ and Hancocks create sustainable industrial warehouse in Mangere

Centuria NZ Industrial Fund (“Centuria”) and Hancocks, who are one of the largest distributors of wine and spirits in New Zealand, are working together to further enhance the new, purpose-built 9,811sqm industrial warehouse in Mangere, Auckland, with a focus on reducing the building’s environmental footprint with sustainability initiatives. The 78 Tidal Road property was acquired by Centuria in November 2020.
20.05.2022

6-8 Munroe Lane has officially obtained a 5 Green Star – Design & As Built NZv1.0 Certified Design Review rating

We are pleased to announce that Asset Plus‘ 6-8 Munroe Lane project in Albany, Auckland, managed by Centuria New Zealand, has officially obtained a 5 Green Star – Design & As Built NZv1.0 Certified Design Review rating. The green building rating scheme certifies projects that slash waste to landfill, responsibly sources materials and create spaces that better serve the environment and end user.
11.03.2022

New healthcare property fund kicks off with substantial aged-care investment

Following on from successful capital raises within both the commercial and industrial property sectors totalling around $240 million last year, a new Centuria managed fund will be seeking $121 million from investors for the launch of a new healthcare property fund. The funds will be used to acquire a total of 23 properties, comprising aged care facilities located throughout New Zealand,
11.03.2022

International Women’s Day 2022

This International Women’s Day we asked five Centurians to share their thoughts on being a working woman in 2022. Hear from our colleagues in Auckland, Sydney, Brisbane, Melbourne and Perth.
22.12.2021

Centuria Secures $291m Aged Care Property Portfolio

$291m aged care portfolio acquisition; 38 facilities across NZ; blue-chip operator Heritage Lifecare 30-year1 sale and leaseback transaction; triple-net leases; 100% occupancy2 Acquired by two Centuria unlisted funds: Centuria New Zealand Healthcare Property Fund (NZ) – 25 assets Centuria Healthcare Property Fund (Australia) – 13 assets Leading Australasian real estate funds manager,
06.12.2021

Billion-dollar Queenstown development dubbed ‘Alpine Britomart’ a step closer to reality

Lakeview | Taumata, the stunning residential, hospitality, and retail precinct planned as an expansion to Queenstown’s CBD has taken a significant step forward with the first stages referred into the Government’s expert consenting panel for consideration under the Fast Track Consenting Act 2020 (FTCA). Lakeview | Taumata sits on a 10-hectare elevated terrace at the edge of the CBD offering iconic views across Lake Whakatipu and the Remarkables. 
28.10.2021

Centuria NZ Settles the Acquisition of Brand New Industrial Asset on Tidal Road

The Centuria NZ Industrial Fund is pleased to announce the settlement of 78 Tidal Rd, Mangere, Auckland which was finalised on the 22nd of October for $48.9m. The property forms part of South Auckland’s latest high quality industrial and logistics hub and comprises a brand new, architecturally designed 15,000 sqm industrial facility of two warehouses with adjoining offices on a 4.98ha site.
21.04.2021

A trans-Tasman ambition fulfilled

Mark Jennings | Newsroom An Australian property company founded by Kiwis aims to become truly Australasian following its local acquisition, Mark Jennings reports. (Content partnership) Fresh out of Auckland University, 21 year old Jason Huljich headed to Australia and got a job with another expat Kiwi trying to sort out problem properties in Sydney – properties that had fallen into disrepair or had lost tenants.
07.04.2021

It’s official, this week we’re officially launching the Centuria brand in New Zealand

It’s official, this week we’re officially launching the Centuria brand in New Zealand. We have been working closely as a Trans-Tasman team now for quite a few months already. The best parts of our business remain exactly the same. But, we’ve stepped up a gear in terms of the scale and quality of assets we can now acquire on behalf of our investors.