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.