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Further Sales Success For GMT

Monday, 30 November 2015

Goodman (NZ) Limited, the Manager of Goodman Property Trust ("GMT" or "Trust"), is pleased to announce further sales as part of the Trust's asset recycling programme.

The NZ Safety and Fisher and Paykel Buildings at Glassworks Industry Park in Hornby, Christchurch, have been sold to a local investor for $11.2 million.

John Dakin, Chief Executive Officer of Goodman (NZ) Limited, said "The latest sale reflects another strong result for the Trust. With over $80 million of disposals announced this financial year GMT is growing organically, with asset sales financing a steady volume of development projects."

The unconditional sale is expected to settle in March 2016.

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