GMT Sales Programme Approaches $150 million

Published: Tue 16 Dec 2014 10:31 AM
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.”

Next in Business, Science, and Tech

NAIT Levy Increases Must Achieve Accurate, User-friendly System
By: Federated Farmers
More Job Opportunities, But Growth In Workers’ Earnings Remains Subdued
By: Westpac
Card Spending Continues To Increase As COVID-19 Restrictions Ease
By: Statistics New Zealand
Job Market Ends 2021 On A High With Record Number Of Vacancies
By: Trade Me Jobs
September South Island Windstorm Cost $36.5 M Raises 2021 Extreme Weather Claims Total To $321.6 M
By: Insurance Council of New Zealand
Building Consents Hit New Highs In November
By: Statistics New Zealand
View as: DESKTOP | MOBILE © Scoop Media