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Bayleys Funds and Investment Products - Previous Offers

Downer EDi, 14 Amelia Earhart Avenue, Mangere, Manukau City, Auckland

Offer Open date: 6 May 2010

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

A 1,258 sqm commercial building with 59 on site car parks located on a high profile site with frontages to George Bolt Memorial Drive and Amelia Earhart Drive. The property benefitted from its close proximity to Auckland International Airport and Auckland’s motorway systems.

At the time of the offer the property was leased to Downer EDi Properties Limited as their corporate headquarters on a 12 year lease from 8 March 2010. Two further rights of renewal of five year each were provided for.

45 units of $50,000 each were sold to investors raising $2.25m in investor equity.

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