Augusta Industrial Fund managed by Augusta Capital Limited (NZSE:AUG) agreed to acquire Castle Rock Business Park in Christchurch and four industrial properties in Auckland from Augusta managed syndicates and others for approximately NZD 170 million on December 7, 2018. Augusta Industrial will pay NZD 53.75 million for Castle Rock Business Park and the remaining amount will be paid for the four industrial properties. Augusta Industrial Fund will undertake a second capital raise of approximately NZD 110 million, in order to fund the acquisition. Hamish Doig and Sam Staite of Colliers International acted as real estate brokers to Augusta Capital. Augusta Industrial Fund managed by Augusta Capital Limited (NZSE:AUG) completed the acquisition of Castle Rock Business Park in Christchurch and four industrial properties in Auckland from Augusta managed syndicates and others on December 10, 2018.