GMT Sales Programme Approaches $150 million
Goodman (NZ) Limited (“GNZ”), the Manager of Goodman Property Trust, is pleased to announce the sale of Enterprise Park
in Wiri.
The multi-customer industrial facility has been sold to a private local investor for $53.2 million. The unconditional
sale, which is due to settle in March 2015, increases the value of asset sales achieved in the first nine months of FY15
to almost $150 million.
John Dakin, Chief Executive Officer of GNZ, said “Financing new development and investment activity through asset
recycling is facilitating the Trust’s business growth. The Enterprise Park sale continues a successful asset disposal
programme that is delivering strong profits while allowing us to accelerate the Trust’s development programme. It’s a
value adding strategy that is converting the Trust’s strategic land holdings into high quality, income producing,
industrial and office park assets.”
ends