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Augusta Industrial is a limited liability company that was established in April 2018 as an open-ended, unlisted property fund. Its purpose is to provide investors with the opportunity to invest in a portfolio of strategically selected industrial assets that provide both tenant and location diversification within this strongly performing sector of the New Zealand property market. The industrial sector continues to outperform the commercial office and retail sectors, a continuation of the long-term trend we have seen over the past 15 years.
Annualised Pre-Tax Total
Return Since Establishment
Augusta Industrial has performed well with an annualised pre-tax total return (cashflow and capital growth) of 15%1 per annum since establishment in 2018. A key long term strategic investment objective for Augusta Industrial is to deliver sustainable and stable income distributions paid to investors monthly, along with the potential for long-term capital growth.
The acquisition of Tidal Road, Columbia Ave and Strong Parts Portfolio will bring the total portfolio to 21 assets (18 located in Auckland, two in Christchurch and one in Wellington) with 52 tenants and an independent valuation of $547.31 million2.
Please be advised three new acquisitions have been secured as detailed below.
The Strong Parts Portfolio (Settled on 30 June 2021)
62 Columbia Avenue, Christchurch (Target settlement date 30 July 2021)
Tidal Road, Auckland (Target settlement date 30 September 2021)
Distributions & Minimum Investment
The forecast pre-tax cash distribution to 31 March 2022 is 5.0% p.a. for amounts invested in this equity raise3. The minimum investment for this offer will be $10,0004 and in increments of $1,0004 thereafter.
1Calculated from 15 June 2018 to 31 March 2021 based on a $1.00 original issue price, dividends declared during the period and net tangible assets of $1.33 per share as at 31 March 2021.
2Subject to settlement of both the Tidal Road and Columbia Avenue properties, which Augusta Industrial has under contract but does not yet own. All properties other than the Strong Parts portfolio and Columbia Avenue were valued as at 31 March 2021. Tidal Road was valued on an “as if complete” basis. The Strong Parts portfolio was valued as at 15 June 2021 and Columbia Ave was valued as at 20 May 2021.
3The forecast distributions and how they are calculated and the risks associated with this investment are included in the Product Disclosure Statement.
4Rounded down to the nearest whole share.
No applications are currently being accepted for investment in Augusta Industrial Fund Limited and its latest offer has closed. Any indication of interest will not involve an obligation or commitment to acquire a financial product. If any future offer is made, it will be made in accordance with the Financial Markets Conduct Act 2013. Prior to making any investment in the future, prospective investors are recommended to seek professional advice from a Financial Adviser which takes into account their personal circumstances before making an investment decision.