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Bayleys Syndication and Investment Products - Previous Offers

33-43 Hugo Johnston Drive, Penrose, Auckland (Re-Syndication)

Offer Open date: 26 February 2016

Manager: Centuria NZ (formerly known as Augusta Funds Management Limited)

A substantial industrial property on a 3.24 hectare site in a sought after Auckland industrial location. The property is leased to Oji Fibre Solutions (NZ) Limited (who was previously known as Carter Holt Harvey Pulp and Paper Limited) on a 15 year lease team from 1 April 2016 (with built in annual growth) and two rights of renewal of 10 years each.

This property was previously owned by another syndication managed by Augusta. A significant development of the property was agreed with the tenant, with investors given the option to re-invest their $50,000 investment unit in the new offer (and receive the capital gain) or receive the full proceeds from the sale to the new syndication ($59,360)

The projected pre-tax return for the first full year ending 31 March 2017 was 8.25%. The total equity raised was $17 million, comprised of 340 $50,000 units. There was immense interest in this offer which closed fully subscribed.

Details of how the return is calculated and the risks associated with the investment are set out in the original Product Disclosure Statement.
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