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GMT Asset Sales Now Unconditional

Friday, 4 December 2015

Goodman (NZ) Limited, the Manager of Goodman Property Trust, is pleased to advise that the conditional sales announced on 11 November 2015 are now unconditional.

The Junction Units, Move Logistics and DHL facilities at Glassworks Industry Park in Christchurch, have been sold to a local investor for $38.9 million.

John Dakin, Chief Executive Officer of Goodman (NZ) Limited, said "The Trust is recycling capital from asset disposals into its value adding development programme. We have announced $72.6 million of new development projects already this financial year with a corresponding $83.3 million of asset sales."

The sale is expected to settle on 17 December 2015.

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