Augusta Capital Limited is an NZX Listed Property Funds Manager that is the market leader 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 74 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.
Augusta Group founded as Private Property Investment Group with two staff and home office.
Augusta’s first acquisition of a small industrial building for refurbishment and re-leasing.
Augusta develops ‘The Galleries’ in Auckland as their first significant residential development of 26 apartments.
Assets under management of $3.40 million.
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.
Augusta makes plans to merge syndicates to create a Listed Property Trust.
Assets under management of $70 million.
Kermadec Property Fund IPO $61.25 million equity raised. “We’ve gone public!”
Assets under management of $125 million.
Purchase of 7 City Road.
Purchase of the Finance Centre Podium to complete total Finance Centre acquisition.
587 Great South Road syndication
– the first syndicated deal since the onset of the GFC.
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.
Assets under management of $259 million.
Assets under management of $310 million.
Assets under management of $310 million.
Purchase of KCL, Augusta’s biggest competitor. Augusta triples its Funds Management business overnight.
Strategic alliance with Bayleys.
Spark, Building C syndication commences.
At the time Augusta’s biggest ever capital raise.
Assets under management of $1.18 billion.
Southgate, Takanini syndication commences.
Sale of 7 City Road.
Assets under management of $1.27 billion.
Financial Markets Conduct Act Licence.
Launch of the Augusta Value Add Fund No.1 Limited. At the time Augusta’s biggest ever capital raise and our first wholesale fund.
Unconditional contracts for NZME Buildings Graham St Auckland for $210 million. Building A is Augusta’s biggest ever capital raise.
Pipeline of upcoming offers will take assets under management to $1.60 billion by end of 2016.
Move to new Augusta Head Quarters 30 Gaunt Street, Wynyard Quarter, Auckland.
Syndication commences of 33 Broadway, Newmarket. Augusta’s first investment offering of a property while under construction.
Nudgee Rd, Brisbane syndication launches. Augusta’s largest capital raise for an Australian investment.
Assets under management now $1.70 billion.
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.
The multi-asset Industrial Fund offer went live to the market with a capital raise of $75 million.
Launch of the premium grade office complex in Parnell, Augusta St Georges Bay Road.
Investors vote to sell four existing Augusta Funds Management syndicates into the Augusta Industrial Fund.
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.
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.
Assets under management now $1.85 billion.
Current site Man St, Queenstown is acquired by Augusta for the construction of 5-star luxury hotel.
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.
Kedron, Gympie Rd, Brisbane is launched in the market concurrently with the Industrial Fund. The offer raised $21.52m and closed over-subscribed.
Albany Lifestyle Centre, Auckland is purchased from Argosy for $89m, as the initial seed asset for the soon-to-be-launched Augusta Diversified Fund.
Augusta Capital delivers record FY19 financial result - the strongest in the Company's operating earnings history.
Assets under management now $2 billion.