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Bayleys Funds 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 was 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 fund managed by Centuria. 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 fund ($59,360)

The total equity raised was $17 million, comprised of 340 $50,000 units. There was immense interest in this offer which closed fully subscribed.

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