News & Media
Please find below news and media articles related to Centuria in New Zealand (previously Augusta Capital).
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.
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.
New Zealand subsidiary Augusta settles NZ $178million Visy Glass industrial asset Centuria’s largest unlisted single-asset fund to date, comprising 820 retail investors NZ $109million New Zealand equity raising 5.00% p.a. initial forecast pre-tax cash distribution for Visy fund1 ASX Announcement Centuria Capital Group (ASX: “Centuria” or “the Group”) announces its New Zealand subsidiary,
$60.2m equity raise by Asset Plus Limited (NZX: APL or “Asset Plus”) $12.1m placement (“Placement”) $48.1m 1 for 1.01 accelerated non-renounceable entitlement offer (“Entitlement Offer”) Funding for NZ $120m commercial development with a 15-year pre-commit from Auckland City Council Centuria, via Augusta Capital, seeks to increase its Asset Plus holding to 19.99% Augusta Capital Limited de-listed from the NZX and acquisition of outstanding securities complete Centuria Capital Group (ASX: CNI or “Centuria”) reports that Asset Plus is undertaking a $60.2m equity raise through an underwritten Placement and Entitlement Offer.
NZX listed Asset Plus (NZX:APL) announces its conditional 15,100m2 office building development at 6-8 Munroe Lane has been officially registered under the Green Star NZ – Design and As-Built v1.0 rating tool. In partnership with Auckland Council as Anchor tenant, Asset Plus is committed to achieving both a 5 Green Star design and build rating, and a 5 Star NABERS rating for the development.
Centuria moves to fully acquire New Zealand’s Augusta Capital Limited with 90.8% acceptances Group AUM A$9.4 billion1 Full takeover of Augusta Capital As at 6 August 2020, wholly-owned subsidiary Centuria New Zealand Holdings Limited (“Centuria NZ”) had received acceptances for 90.8% of the total ordinary shares in Augusta Capital Limited (“Augusta”). On Wednesday 12 August 2020,
Centuria reaches over 90% acceptances in Augusta and will compulsorily acquire remaining shares Centuria New Zealand Holdings Limited (“Centuria”) has today announced that it has received sufficient acceptances of its takeover offer (“Offer”) for Augusta Capital Limited (“Augusta”) so that following acquisition of those shares it will own more than 90% of Augusta’s shares. Centuria will become the dominant owner of Augusta for the purposes of the compulsory acquisition provisions of the Takeovers Code once it has acquired these Augusta shares on 12 August 2020.
$416.7 million acquisition of Telstra Data Centre in Clayton, Victoria, by Centuria Industrial REIT (ASX: CIP) Progress re takeover of New Zealand’s Augusta Capital Limited with 85.04% acceptances Centuria platform AUM growth to $9.4 billion – 50% increase from commencement of FY20 CIP Acquisitions / REIT Guidance CIP, Australia’s largest domestic pure play industrial REIT, has released its FY20 financial results announcing FY21 FFO guidance of 17.4 cents per unit.
New Zealand based Augusta has released its Target Company Statement (TCS) in response to the Centuria Offer. The Augusta Independent Directors Committee has unanimously recommended that, in the absence of a superior offer, Augusta shareholders should accept the Centuria Offer for all their Augusta shares. The TCS also includes an independent assessment of the merits of the Offer prepared by Calibre Partners (formerly known as KordaMentha).
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.
John McBain, Centuria Joint CEO, said, “Centuria is on track to secure approximately 63.9% of Augusta’s shares (including Centuria’s existing 23.3% shareholding), since we made our formal offer yesterday. To further progress the takeover, we intend to vary our cash offer and make this offer unconditional if 63.5% of Augusta’s shares (including Centuria’s existing 23.3% shareholding) are secured.