Founded in 2001, Augusta is a leading diversified listed fund manager with value-adding and asset management expertise across New Zealand and Australia. Augusta owns and manages 99 properties across the office, retail and industrial sectors, with $1.85 billion of assets under management.
Augusta employs 36 staff across offices in Auckland and New Plymouth, with specialist expertise in asset management and development management, as well as other essential professional functions including accounting, treasury and investor relations, legal, compliance and company secretariat.
The number of assets it manages gives Augusta a vantage point from which to understand the market and unlock real estate opportunities. Augusta has comprehensive and up-to-date knowledge and insights pertaining to property buyers/sellers, tenants and, importantly, the constant and subtle shifts to lending and bank sentiment. Understanding this sentiment has a critical bearing on the investment strategies ultimately determined for each property it manages.
Augusta’s wide market reach, coupled with its professional expertise across all the key areas of property management, represents the backbone of the value proposition which will underpin its strategy for the Asset Plus portfolio future growth and success.
There is a dedicated asset manager for each property within the portfolio. In line with the yield plus growth ambitions of Asset Plus, each asset manager had been selected for their ability to actively manage each asset and exhaust all avenues to extract value from the existing portfolio in the short term.