GMT expands portfolio with Mt Wellington acquisition | New Zealand
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GMT expands portfolio with Mt Wellington acquisition

Thursday, 16 December 2021

Goodman Property Trust (GMT) has conditionally acquired the Sky Network Television (SKT) Campus in Mt Wellington for $56 million.

The purchase includes adjoining properties at 10-16 Panorama Road and 34 Leonard Road with a combined site area of 4.45 hectares. SKT is committing to a lease-back over a proportion of the 17,251 sqm facility.

John Dakin, Chief Executive Officer of Goodman (NZ) Limited said, “The purchase of the Mt Wellington Campus complements our existing portfolio.  We expect the remaining space to lease quickly but ultimately these sites will be amalgamated and redeveloped into an urban logistics estate that maximises the value of the central Auckland location.”

With settlement expected in March 2022, the acquisition remains conditional on further due diligence and Goodman (NZ) Limited Board approval.

For further information please contact:

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

James Spence
Director Investment Management
Goodman (NZ) Limited
(021) 538 934

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