Augusta capital raising closes oversubscribedCHRIS SKELTON/STUFF Augusta raised capital to buy land on Christchurch Airport's premises and build a new air traffic control centre which will be leased to Airways Corporation for 25 years. The NZX-listed property fund Augusta Capital has raised $20.5 million for its air traffic control centre in Christchurch after ending the capital raising oversubscribed. The Christchurch Airways building is owned by a syndicate of investors set up and managed by Augusta. Augusta's capital raising for the Christchurch site has brought the total equity raised in the calendar year to about $130 million across those single asset funds. Augusta is also expected to release a product disclosure statement for its initial portfolio for the Augusta Industrial Fund.

Source: Stuff March 26, 2018 03:45 UTC