NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • Deloitte Fast 50
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In

Advertisement
Advertise with NZME.
Home / Property

Augusta's Aussie buildings promise great returns

NZ Herald
29 Apr, 2016 05:01 PM5 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save
    Share this article
The property in Queensland comprises these side-by-side freestanding modern warehouses.

The property in Queensland comprises these side-by-side freestanding modern warehouses.

A large Queensland industrial property with two long-term leases to established Australian tenants - which provide annual rental growth of 3.5 and 4 per cent - is being syndicated by Augusta Funds Management Ltd in its latest Australian offering to New Zealand investors.

The property at 76 Quinns Hill Rd, Stapylton, on an approximately 4.117ha site near a major freight route between Brisbane and Surfers Paradise, comprises two freestanding high-stud modern warehouses built in 2011.

One of the warehouses has a new 13.5-year lease to A&L Windows (Qld) Pty Limited which has manufactured and distributed windows and doors along the eastern seaboard of Australia for about 20 years, while the other has a nine-year lease to Nu-Pure Pty Ltd, one of the largest independent bottled water manufacturing companies in Australia.

An 1192sq m extension of its premises is under way and the new lease will take effect from its completion.

A total of 280 units of AU$50,000 each are being offered in an Australian limited liability partnership (LLP) which Augusta is establishing to own the property. Augusta will make monthly cash distributions to investors expected to be the equivalent of seven per cent per annum, after the Australian tax rate of 30 per cent for LLPs for the first two years of the syndication's operation.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

The offering is being marketed by Mike Houlker, Samara Philips and Sarah Prebble of Bayleys' Syndication Division.

Houlker says the property's built-in annual rental growth makes it ideal for syndication and will provide a substantial increase in rental income across the two tenancies given their long leases. A&L Windows' lease has fixed annual rental increases of 3.5 per cent while Nu-Pure's rent will grow annually by either 4 per cent or by the Consumer Price Index, whichever is greater.

Strategic location

Advertisement
Advertise with NZME.

Bryce Barnett, Augusta's head of funds management, says the quality of a property's cash flow has become a driving investment consideration for Augusta when selecting properties for syndications.

"The terms and conditions of the leases, including length of tenure and rent review provisions, have become increasingly important and properties that have set rental increases ahead of the current extremely low rate of inflation are attractive propositions for investors."

Mike Houlker, of Bayleys' Syndication Division
Mike Houlker, of Bayleys' Syndication Division

Locational growth factors, like roading or zoning changes, population growth or the increased popularity of certain areas will also contribute to an increase in capital values in specific locations, and are another key consideration in syndication selection, Barnett says.

He says the Stapylton property is strategically positioned between Brisbane and Surfers Paradise.

"The property is in the emerging Yatala Enterprise Area on a major freight route in South East Queensland, underpinned by significant roading infrastructure and linkages between Brisbane's CBD, the Gold Coast and Ipswich, via two major nearby highways.

"Due to distribution growth within Queensland and congestion within inner industrial precincts of Brisbane, major companies, including Australia Post, Aldi and Visy, have taken positions within the Yatala Enterprise Area, recognising its importance as a logistical hub and future growth corridor."

Samara Philips, of Bayleys' Syndication Division
Samara Philips, of Bayleys' Syndication Division

Barnett has more than 20 years' experience in managing and syndicating Australian properties, formerly as head of KCL Properties which merged with Augusta in 2014.

The company has 12 Queensland properties in its syndication portfolio with a value of approximately A$85 million.

"We regard investment in Australian property syndications as a good way for smaller New Zealand investors to diversify their property portfolios," Barnett says.

"In our opinion, the Queensland industrial property sector is experiencing strong levels of leasing and sales activity which has resulted in falling vacancy rates, rising rentals and yield compression. We expect that Australian properties will continue to be an important part of Augusta's investment offerings going forward."

Advertisement
Advertise with NZME.

Houlker says the Nu-Pure Building is expected to total about 7102sq m when the current expansion of both warehouse and the office space is completed to provide additional production and distribution space, including a new production line. The company also has a production facility in Victoria.

The neighbouring 6699sq m A&L Building comprises two side-by-side, full length warehouse bays and is serviced by 14 container height roller doors and two five-tonne gantry cranes owned by the LLP as landlord, but fully maintained by the tenant.

Sarah Prebble, of Bayleys' Syndication Division
Sarah Prebble, of Bayleys' Syndication Division

Houlker says its site, of about 2421ha, has a surplus yard area of 9627sq m.

Philips says the offering is only open to New Zealand investors, who will have the option of having those distributions paid into an Australian bank account in Australia or New Zealand, or converted into New Zealand dollars for banking in this country.

The investment scheme will be overseen by Covenant Trustees Services Limited as statutory supervisor. Augusta Funds Management will be responsible for the establishment and administration of the limited liability partnership and property management, the preparation of annual financial statements and the payment of monthly income distributions.

Augusta Funds Management is a wholly-owned subsidiary of NZX listed Augusta Capital Limited and has in excess of NZ$1.45 billion of assets under management on behalf of more than 3000 investors encompassing over 150 commercial and industrial premises in New Zealand and Australia.

Advertisement
Advertise with NZME.
Save
    Share this article

Latest from Property

New Zealand

What's happening about fire-hit New World Victoria Park?

Watch
Premium
Property

'Give us 15 more years': SkyCity on Queenstown casino

Premium
OpinionAnne Gibson

Property Insider: Why Fletcher Building is selling its $60m Penrose site


Sponsored

From crisis to comeback: NZ business owners turn to voluntary administration for recovery

Advertisement
Advertise with NZME.

Latest from Property

What's happening about fire-hit New World Victoria Park?
New Zealand

What's happening about fire-hit New World Victoria Park?

Supermarket chief announced it will be repaired but won't open till 2027.

Watch
22 Jul 12:12 AM
Premium
Premium
'Give us 15 more years': SkyCity on Queenstown casino
Property

'Give us 15 more years': SkyCity on Queenstown casino

22 Jul 12:00 AM
Premium
Premium
Property Insider: Why Fletcher Building is selling its $60m Penrose site
Anne Gibson
OpinionAnne Gibson

Property Insider: Why Fletcher Building is selling its $60m Penrose site

21 Jul 09:00 PM


From crisis to comeback: NZ business owners turn to voluntary administration for recovery
Sponsored

From crisis to comeback: NZ business owners turn to voluntary administration for recovery

20 Jul 12:00 PM
NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP