Bayleys Funds and Investment Products - Previous Offers
Southgate Retail Centre, Takanini, Auckland
Offer Open date: 6 March 2015
Manager: Centuria NZ (formerly known as Augusta Funds Management Limited)
The Southgate Retail Centre is a modern, freehold shopping centre anchored by Mitre 10 Mega on a 13 year lease from 30 April 2015. The retail centre is located on a significant 4.5 hectare high profile corner site in the growth Auckland location of Takanini. The investment provided exposure to the retail sector at the time of offer, with tenants including national brands Briscoes, Repco, Mad Butcher, Subway, ANZ & Carl’s Jr.
The offer raised $34.3 million of investor’s equity comprised of 686 $50,000 units.
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