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Confessions of a property guru: Mark Francis on making millions and losing some


Confessions of a property guru: Making millions and losing some
15 minutes to read
Jane Phare is a senior business reporter for the New Zealand Heraldjane.phare@nzme.co.nz
Property syndication guru Mark Francis talks to Jane Phare about building up Augusta to prepare for takeover, his network of friendships and how Covid-19 knocked millions off his wealth.
Posing for photos outside his grand
office entrance, there s a moment when Mark Francis looks almost mournful.
Guarding the office suite are two massive bronze doors, the handles forming a stylish A for Augusta. Named after the course which hosts the US Masters golf tournament, Augusta has been Francis baby for 20 years. Now, after last year s buyout by ASX-listed Centuria Capital in a deal worth around $169m, it will disappear. ....

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Asset Plus rekindles $350m Auckland CBD office project: shuns work-from-home trend


Asset Plus rekindles $350m Auckland CBD office project: shuns work-from-home trend
16 Feb, 2021 08:30 PM
3 minutes to read
NZX listed Asset Plus has rekindled $350 million plans to expand an Auckland CBD office block by adding extra levels on the heritage-listed structure.
Despite the lockdown and a rising tend of people working from home, the business has moved confidently to restart a project shelved during the lockdown last year but which could create an asset valued on completion of up to $350m.
Mark Francis, managing director of Augusta Funds Management which manages Asset Plus, said plans for the office block at 35 Graham St above Fanshawe St were now back on. ....

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