96 St Georges Bay Road is a modern five level office building with three ground floor retail units and 177 basement car park spaces that was constructed in 2018. A central atrium provides good levels of natural light throughout the building and the property has been designed to achieve a 5-Star Green rating.
Located on the corner of St Georges Bay Road and Garfield Street it is close to the Parnell train station with excellent links to the motorway system and the Parnell retail hub.
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Could you play 18 golf courses (324 holes) over three days?
Before you answer and to put this idea into context – that’s six 18-hole rounds over three days straight.
We know four great New Zealanders about to attempt just that. And as far as they know, this has never ever been done before!
Why? Well,
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$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.
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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.
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Centuria moves to fully acquire New Zealand’s Augusta Capital Limited with 90.8% acceptances
Group AUM A$9.4 billion
1
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,
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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.
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$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.
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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).
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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.
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