Augusta Capital Acquiring NZME House in Auckland for $115.8million
Augusta Capital, the listed property investor and fund manager said it has bought NZME House in Graham Street in the CBD, Auckland for $115.8 million. It said, it purchased the building from Manson TCLM, a family owned property developer in Auckland. Manson has been into property development in New Zealand for thirty years or more. The deal will be settled on August 15. Augusta Capital plans to bundle the property into a syndication investment.
Paramount Exploring Possible Sale of Minority Stake; Speculations are on for Probable Buyers
Shares of software company, Wynyard Group, which is a market leader in making crime fighting software, hit a record low when it lifted its one week long trading halt. The company's shares almost halved.
Wynyard's shares dropped about forty percent following the company's disappointing annual result along with majorly discounted rights issue aimed at raising cash.
