Augusta Industrial Fund Limited opened for investment this week providing investors an opportunity to invest in the strongly performing industrial property sector with a minimum investment of $10,000 and an initial forecast pre-tax return 6.5%pa* paid to investors monthly.
Augusta Industrial Fund Limited is a limited liability company that has been established as an open-ended, unlisted property fund to invest in a portfolio of strategically selected industrial assets that provide both tenant and location diversification.
The industrial property sector was chosen as it is currently experiencing historically low vacancy in most of New Zealand’s major cities and strong demand from investors and owner occupiers along with high rental growth. Industrial property has consistently outperformed other commercial property sectors with the highest total returns over the past five years.
Augusta Industrial will initially be comprised of four, well located industrial assets with 15 global and national tenants providing 100% occupancy. The fund is targeting growth to around $250 million over the next 2-3 years with a focus on the strong performing locations of Auckland, Hamilton and Tauranga.
The Augusta Industrial portfolio will be managed by Augusta Funds Management. Founded in 2003 Augusta Funds Management has an established track record in offering and managing successful shared ownership structures with $1.85 billion of property under management across New Zealand and Australia.
Mark Francis, Augusta Funds Management’s Managing Director and a director of Augusta Industrial Fund says that these type of property offerings provide a relatively easy and straightforward way for New Zealanders to invest in investment grade properties at an entry level price.
Augusta Capital is the NZX listed parent company of Augusta Funds Management. It will be the majority underwriter for Augusta Industrial Fund Limited’s investment offer as well as a cornerstone investor taking a shareholding of at least 10%. This aligns its interests with the fund’s shareholders providing significant incentive to ensure the fund is performing well.
For more information on the Augusta Industrial Fund including a copy of the Product Disclosure Statement complete the form below and Bayleys will be in touch. Alternatively visit the website www.augustaindustrialfund.co.nz or contact Bayleys directly (0800 BAYLEYS).
*Forecast pre-tax cash return for the first two accounting periods. Details on how the forecast pre-tax cash return is calculated and the risks associated with this investment can be found in the Product Disclosure Statement. The actual returns could differ from the forecast returns. Prospective investors are recommended to seek professional advice from an Authorised Financial Adviser, which takes into account their personal circumstances before making an investment decision. The selling agents are not providing personalised advice. Augusta Industrial Fund Limited is the issuer of the shares. The offer of shares is made on the terms outlined in the Product Disclosure Statement dated 30 April 2018. Neither Augusta Industrial Fund Limited nor any other person guarantees the shares being offered, nor warrants or guarantees the future performance of Augusta Industrial, the shares or any return on the investment.