GMT Completes Asset Sale | New Zealand
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GMT Completes Asset Sale

Thursday, 17 December 2015

Goodman (NZ)  Limited, the Manager of Goodman Property Trust, is pleased to confirm that the  sale of The Junction Units, Move Logistics and DHL facilities at Glassworks Industry  Park in Christchurch for $38.9 million, has now settled.

About Goodman Property Trust: 

GMT is an externally managed  unit trust, listed on the NZX. It has a market capitalisation of around $1.5  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.