Bayleys Funds and Investment Products - Previous Offers
510 Mt Wellington Highway, Mt. Wellington, Auckland
Offer Open date: 9 May 2009
Manager: Centuria NZ (formerly known as Augusta Funds Management Limited)
The 510 Mt Wellington highway property was a substantial 3 hectare multi tenanted industrial complex located in a superb position in the industrial hub of Mt Wellington. The property benefitted from 3 street frontages and is located just 800 metres from NZ’s largest shopping complex – Sylvia Park and 300 metres from the motorway interchange.
At the time of the offer the property was leased to Repco, Shell (now Z Energy), McConnell Dowell and Express Data (now Dicker Data). Investor equity of $15,500,000 was raised comprised of 310 $50,000 investment units.
The property was subsequently sold to Centuria NZ Industrial Fund Limited.
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