Thursday, 31 March 2016
Goodman (NZ) Limited, the manager of Goodman Property Trust ("GMT" or "Trust") is pleased to announce that the Trust's main bank facility has been extended.
Goodman (NZ) Limited's Chief Financial Officer, Andy Eakin, said, "We have taken the opportunity to extend GMT's main bank facility, maintaining a weighted average term to expiry of more than 5 years across all the Trust's debt facilities. "
An updated maturity profile is attached as an appendix to this announcement.
About Goodman Property Trust:
GMT is an externally managed unit trust, listed on the NZX. It has a market capitalisation of around $1.6 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 20.62%.
GMT is New Zealand's leading industrial and business space provider. It has a substantial property portfolio with a value in excess of $2.1 billion that accommodates more than 250 customers. The Trust holds an investment grade credit rating of BBB from Standard & Poor's