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Augusta Value Add Fund No. 1 Limited  

  • Augusta Value Add Fund No. 1 Limited is a recently established New Zealand fund.  Its purpose is to acquire a portfolio of five assets, each located within key locations in Auckland. The properties currently provide a running cash yield with each property in its own right providing an opportunity to add value given its characteristics. 
  • The Fund’s objective is to deliver pre-tax internal rate of return of 11%-14% pa (but before any performance fee) through acquiring, redeveloping or implementing another value-add strategy (such as re-leasing or re-zoning) and then selling down a portfolio of five Auckland commercial properties.