The Evolution of Augusta

Augusta Capital Limited is an NZX Listed Property Funds Manager that is the market leader in its sector. The company was founded in 2001 by Managing Director and largest shareholder, Mark Francis.
Augusta Capital now has two distinct divisions. Direct property investment, whereby it holds and manages a core portfolio of office and car parking properties in central Auckland, valued at approximately $100 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 $1.7 Billion across 110 properties throughout New Zealand and Australia.

2001

June 2001

Augusta Group founded as Private Property Investment Group with two staff and home office.

1st Purchase

aug2001

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 $3.4m. With no brand and no reputation and a few ads in the Herald, the $1.85m equity raise was one of Augusta's most difficult.

2005

November 2005

Augusta makes plans to merge syndicates to create a Listed Property Trust.

nov2005

Portfolio Size

$70m

Assets under management of $70 million.

2006

December 2006

Kermadec Property Fund IPO $61.25m equity raised. “We’ve gone public!”

dec2006

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 Rd 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.

march2013

Portfolio Size

$310m

Assets under management of $310 million.

2014

april2014

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.

sept2014

Portfolio Size

$1.18b

Assets under management of $1.18 billion.

2015

April 2015

Southgate, Takanini syndication commences.

april2015

August 2015

Sale of 7 City Rd.

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.

may2016

May 2016

Unconditional contracts for NZME Buildings Graham St Auckland for $210m. 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

feb2017

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.

july2017

Portfolio Size

$1.70b

Assets under management now $1.70 billion.