Kermadec Property Fund (KPF.NZ) was listed on the New Zealand Stock Exchange (NZSX) on 11 December 2006, after a successful initial public offering that raised $61,250,000.

Kermadec has a diversified portfolio of commercial and industrial properties throughout New Zealand, with a combined value of $120m.

Over time, it is the intention of the Board to grow the portfolio of properties and develop a more central Auckland focused portfolio of commercial properties.

The Company has appointed Augusta Funds Management Limited, the parties behind which have wide ranging property related development and management expertise, to assist it in obtaining this growth objective and successfully managing the operations of the Company. Through the Manager's relationship with Augusta Group the Company will also have access to an ongoing pipeline of properties under a right of first refusal agreement.