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Bayleys Funds and Investment Products - Previous Offers

Bunnings, State Highway One, Whangarei

Offer Open date: 7 September 2010

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

A large format Bunnings Warehouse located on a prominent site on State Highway One, Whangarei. At the time of the offer the property was leased to Bunnings Limited on a 12 year term from 2007 with rights of renewal through to 2044. The lease also provided for 3% annual rental growth during the initial lease term.

160 $50,000 shares were sold to investors raising $8 million in equity.

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