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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Property
2 mins to read

Augusta stung for millions in lost deposits

The property fund has lost deposits on two property acquisitions.

Andrew Bevin Thu, 30 Apr 2020

Augusta’s withdrawal of its Augusta Property Fund offer has stung the company for millions in purchase deposits on two properties, it revealed in an update filed after market close yesterday.

NZX-listed Augusta cancelled the fund’s initial offer and refunded investors in late March because

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Andrew Bevin Thu, 30 Apr 2020
Contact the Writer: andrew@nbr.co.nz
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Augusta stung for millions in lost deposits
Property,
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