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GMT Ceases Negotiations

Thursday, 23 October 2014

Goodman (NZ) Limited, the Manager of Goodman Property Trust, has announced that current negotiations to sell two Auckland industrial assets have ceased.

Further to the announcement on 30 September 2014, discussions with Quattro Asset Management, regarding the sale of Enterprise Park in Wiri and SuperCheap Auto, part of the Savill Link Estate in Otahuhu have ceased.

For further information please contact
:

John Dakin 
Chief Executive Officer 
Goodman (NZ) Limited 
(09) 375 6063 
(021) 321 541

Andy Eakin
Chief Financial Officer
Goodman (NZ) Limited
(09) 375 6077
(021) 305 316

About Goodman Property Trust: 
GMT is an externally managed unit trust, listed on the NZX. It has a market capitalisation of around $1.3 billion, ranking it in the top 15 of all listed investment vehicles. The Manager of the Trust is a subsidiary of the ASX listed Goodman Group, Goodman Group are also the Trust’s largest investor with a cornerstone unitholding of 17.6%. 
GMT is New Zealand’s leading industrial and business space provider. It has a substantial property portfolio with a value in excess of $2.0 billion that accommodates around 260 customers. The Trust holds an investment grade credit rating of BBB from Standard & Poor’s.