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Bayleys Funds and Investment Products - Previous Offers

92 Kaimanawa Street, Palmerston North

Offer Open date: 4 March 2010

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

An expansive 4,992 sqm distribution warehouse leased to Coca-Cola Amatil (N.Z.) Limited with 7.5 years remaining on the lease at the time of the offer. The property was located in the eastern industrial area of Palmerston North with ready access to all major arterial routes. Investor equity raised was $3.9 million comprised of 78 $50,000 investment units.

The property was purchased from a fund managed by Augusta Funds Management by Commercial Investment Properties Limited which was subsequently acquired by KCL Limited in 2012. KCL Limited was merged with Augusta Funds Management in 2014, which joined with Centuria in 2020, rebranding as Centuria NZ.

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