News

Super-sized commercial syndicate hits Auckland

Monday 11th of May 2009

Augusta Funds Management has established a proportional ownership fund to purchase three hectares of commercial land and buildings in Mount Wellington, worth $25.5 million.

The Augusta syndicate is planning to build 310 individual units, available at $50,000 each. Subscribers may apply for more than one unit.

The syndicate will deliver a proportionate ownership scheme whereby in...

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