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Welcome to Augusta

Augusta was founded in 2003 by Mark Francis as a property syndicator.

In 2006 the company floated a property trust on the NZX called Kermadec Property Fund. Kermadec was managed by Augusta Funds Management which was the private management company of Mr Francis and was also the largest shareholder of Kermadec. The company continued to grow its syndication business and in 2012 the privately owned Augusta was merged with the public company, Kermadec , forming the now listed Augusta Capital.

Augusta Capital now has two distinct divisions. Direct property investment, whereby it holds and manages a core portfolio of office and carparking properties in central Auckland, valued at approximately $95 million.

The other division is Funds Management, where it is the market leader in commercial property syndication. 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 $1.17 Billion over 170 properties throughout New Zealand and Australia. The company’s strategy is to consolidate its position as New Zealand’s premier property fund manager, growing that side of the business both organically and by acquisition if and when such opportunities arise.

How does property syndication work?