Augusta is a Property Funds Manager that is one of the market leaders in its sector. Founded in 2001, Augusta has a solid track record in offering and managing successful shared ownership structures. In April of 2014, through their subsidiary Augusta Funds Management, Augusta acquired their largest competitor, KCL Property Limited, which brings their funds under management to over $1.8 billion across 65 properties throughout New Zealand and Australia.
Augusta's growth strategy is underpinned by an active management approach – where the scale and diversity of the offerings continues to expand as it grows its funds under management.
2001
June 2001
Augusta Group founded as Private Property Investment Group with two staff and home office.
1st Purchase
August 2001
Augusta’s first acquisition of a small industrial building for refurbishment and re-leasing.
2002
May 2002
Augusta develops ‘The Galleries’ in Auckland as their first significant residential development of 26 apartments.
Portfolio Size
$3.4m
Assets under management of $3.40 million.
2003
May 2003
Augusta purchases first property for syndication - the Vertex Pacific Building in Hamilton for $3.4 million. With no brand and no reputation and a few ads in the Herald, the $1.85 million equity raise was one of Augusta's most difficult.
2005
November 2005
Augusta makes plans to merge syndicates to create a Listed Property Trust.
Portfolio Size
$70m
Assets under management of $70 million.
2006
December 2006
Kermadec Property Fund IPO $61.25 million equity raised. “We’ve gone public!”
Portfolio Size
$125m
Assets under management of $125 million.
2007
May 2007
Purchase of 7 City Road.
2008
July 2008
Purchase of the Finance Centre Podium to complete total Finance Centre acquisition.
December 2008
587 Great South Road syndication
– the first syndicated deal since the onset of the GFC.
2012
March 2012
Augusta, the private company, and Kermadec, the public company, are merged.
Internalisation of management contract.
Purchase of funds management business.
Kermadec renamed as Augusta Capital Limited.
Augusta is now a listed property funds manager. The only one on the NZX.
Portfolio Size
$259m
Assets under management of $259 million.
2013
March 2013
Assets under management of $310 million.
Portfolio Size
$310m
Assets under management of $310 million.
2014
April 2014
Purchase of KCL, Augusta’s biggest competitor. Augusta triples its Funds Management business overnight.
Strategic alliance with Bayleys.
September 2014
Spark, Building C syndication commences.
At the time Augusta’s biggest ever capital raise.
Portfolio Size
$1.18b
Assets under management of $1.18 billion.
2015
April 2015
Southgate, Takanini syndication commences.
August 2015
Sale of 7 City Road.
Portfolio Size
$1.27b
Assets under management of $1.27 billion.
2016
February 2016
Financial Markets Conduct Act Licence.
April 2016
Launch of the Augusta Value Add Fund No.1 Limited. At the time Augusta’s biggest ever capital raise and our first wholesale fund.
May 2016
Unconditional contracts for NZME Buildings Graham St Auckland for $210 million. Building A is Augusta’s biggest ever capital raise.
Portfolio Size
$1.60b
Pipeline of upcoming offers will take assets under management to $1.60 billion by end of 2016.
2017
February 2017
Move to new Augusta Head Quarters 30 Gaunt Street, Wynyard Quarter, Auckland.
April 2017
Syndication commences of 33 Broadway, Newmarket. Augusta’s first investment offering of a property while under construction.
July 2017
Nudgee Rd, Brisbane syndication launches. Augusta’s largest capital raise for an Australian investment.
Portfolio Size
$1.70b
Assets under management now $1.70 billion.
2018
March 2018
The acceptance and settlement of the proposal to externalise the management of NPT to Augusta Funds Management. Augusta later rebranded NPT to Asset Plus Limited.
April 2018
The multi-asset Industrial Fund offer went live to the market with a capital raise of $75 million.
July 2018
Launch of the premium grade office complex in Parnell, Augusta St Georges Bay Road.
November 2018
Investors vote to sell four existing Augusta Funds Management syndicates into the Augusta Industrial Fund.
November 2018
The Value-Add Fund is wound up as the final of the five existing assets is sold providing an IRR of 11.75% to investors.
November 2018
54 Cook Street, Auckland is acquired by Augusta with future aspirations of being a seed asset for the Augusta Tourism Fund, with a lease for 20 years as the Jucy Hotel.
Portfolio Size
$1.85b
Assets under management now $1.85 billion.
2019
January 2019
Current site Man St, Queenstown is acquired by Augusta for the construction of 5-star luxury hotel.
February 2019
The second capital raise for the Augusta Industrial Fund goes live to the market. 115,000,000 shares were offered to the market taking the total portfolio value to $300m.
February 2019
Kedron, Gympie Rd, Brisbane is launched in the market concurrently with the Industrial Fund. The offer raised $21.52m and closed over-subscribed.
May 2019
Augusta Capital delivers record FY19 financial result - the strongest in the Company's operating earnings history.
Portfolio Size
$1.8b
Assets under management now $1.83 billion.
2020
June 2020
Takeover offer from Centuria New Zealand Holdings. On Monday 29 June, Centuria New Zealand Holdings Limited (Centuria), a wholly owned subsidiary of Centuria Capital Group dispatched its takeover offer (the Offer) seeking to acquire all the shares in Augusta Capital (Augusta) it does not currently own.
July 2020
Augusta Property Fund launches to market with the Initial asset Anglesea Medical Centre, Hamilton CBD
Portfolio Size
$1.8b
Assets under management of $1.8b