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Our history timeline NZ

Thomasina Ralston

Created on November 3, 2025

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Transcript

1998

John McBain and Jason Huljich launch first property syndicate.

2003

Mark Francis founds Augusta Group as an Auckland-based property syndicator

2006

Augusta floats Kermadec Property Fund on the NZX

2012

Augusta merges with Kermadec Property Fund, forming NZX-listed Augusta Capital

2014

Augusta acquires KCL Property, its largest domestic competitor, tripling assets under management

2016

Launch of Augusta Value Add Fund No. 1 - Augusta's biggest capital raise to date and first wholesale offering

2018

Augusta acquires management rights to NZX-listed National Property Trust, which subsequently becomes Asset Plus (NZX:APL) Augusta Industrial Fund launched, offering investors exposure to the strongly performing industrial property sector

2020

Augusta Property Fund launched, with Anglesea Medical Centre in Hamilton as seed asset ASX-listed Centuria Capital Group (ASX:CNI) completes takeover of Augusta Capital, which is delisted from NZX and becomes Centuria NZ

2021

Centuria NZ acquires Visy glass manufacturing plant in Penrose, Auckland for $178.3 million; the largest single-asset syndication in New Zealand history

2022

Centuria NZ acquires Heritage Lifecare portfolio of aged care property assets for $291 million, enabling the launch of the Centuria NZ Healthcare Property Fund

2023

Centuria NZ Agricultural Property Fund launched

2024

Centuria NZ launches first real estate debt offering, with the Centuria Bass First Mortgage Fund No. 4