GMT Negotiating Further Asset Sales | New Zealand
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GMT Negotiating Further Asset Sales

Tuesday, 30 September 2014

Goodman (NZ) Limited, the Manager of Goodman Property Trust, has announced that it is negotiating to sell two Auckland industrial assets.

John Dakin, Chief Executive Officer of the Manager said, “We are currently in discussions with Quattro Asset Management, regarding the sale of Enterprise Park in Wiri and SuperCheap Auto, part of the Savill Link Estate in Otahuhu.”

The sale remains conditional on certain factors that are not expected to be confirmed until later this year.

About Goodman Property Trust:

GMT is an externally managed unit trust, listed on the NZX. It has a market capitalisation of around $1.3 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 17.6%.

GMT is New Zealand’s leading industrial and business space provider. It has a substantial property portfolio with a value in excess of $2.0 billion that accommodates around 260 customers. The Trust holds an investment grade credit rating of BBB from Standard & Poor’s.