An overseas-based private investor agreed to acquire Finance Centre Carpark, Finance Centre Podium and 19 Victoria Street West and Retail Title from Augusta Capital Limited for NZD 87 million.

An overseas-based private investor agreed to acquire Finance Centre Carpark, Finance Centre Podium and 19 Victoria Street West and Retail Title from Augusta Capital Limited (NZSE:AUG) for NZD 87 million on August 13, 2015. The deal is subject to approval of the shareholders of Augusta Capital Limited and subject to due diligence. Augusta expects to utilize the net sale proceeds to re-invest into its funds management business.

The deal is expected to close on March 24, 2016.