Augusta Capital Ltd said today its subsidiary, Augusta Funds Management Ltd, would buy the 12-tenant Albany Lifestyle Centre from Argosy Property Ltd for $89 million and place it in a new investment fund.
Argosy Property Ltd lifted its net profit by 36% to $134 million in the March year, including a 49% lift in revaluation gains.
Argosy Property Ltd’s internal retrofit of Te Puni Kokiri House in Wellington has won the building the Opus International Consultants public sector award at the annual Energy Efficiency & Conservation Authority awards for its $7.9 million improvement in value and 30% reduction in energy use.
Argosy Property Ltd has leased 16 Bell Avenue, off Great South Rd in Mt Wellington, to Peter Baker Transport Ltd, which is already an Argosy tenant in 2 smaller adjoining buildings. Peter Baker Transport will exit the smaller of those 2 buildings and lease 24,000m² in the new premises from September. Argosy chief executive Peter […]
Published 3 July 2013 Argosy Property Ltd announced an $87 million rights offer on Monday to help pay for $96 million of acquisitions in the last 2 months. Argosy bought the Vector Centre in Newmarket for $22.25 million in May and Progressive Enterprise Ltd’s main Auckland distribution warehouse in Mangere for $74 million in […]