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GMT Announces Asset Sale

Wednesday, 14 May 2014
Goodman (NZ) Limited (“GNZ”), the Manager of Goodman Property Trust, is pleased to announce the sale of SMEC House in Newmarket.

The multi-tenanted office building, is being sold to a private investor for $26.2 million. John Dakin, Chief Executive Officer of GNZ, said “A strong investment market is supporting an active sales programme that is generating substantial gains for the Trust.

This disposal and the earlier sale of Gateside Industry Park will provide more than $60 million of capacity that will be used to fund our portfolio enhancing and value adding development activity.”

The unconditional sale is due to settle in July 2014.