GMT Placement Fully Subscribed | New Zealand
You are accessing the Global Goodman site. Are you looking for your local Goodman site?

GMT Placement Fully Subscribed

Monday, 19 November 2012
Goodman Property Trust has received strong support from local and offshore investors in the private placement undertaken yesterday.

The $60 million equity raising was fully subscribed at the fixed issue price of $1.015625 cents per Unit. Allotment of the new units is expected to occur on 16 November 2012.

The placement was underwritten by Macquarie Securities New Zealand Limited and Craigs Investment Partners Limited.

Chief Executive Officer of Goodman (NZ) Limited, John Dakin said, “Our institutional investors have recognised the value of the Highbrook transaction and the many benefits that it offers. It is a strong endorsement of our business strategy and we look forward to extending an offer to our retail investors through the Unit Purchase Plan”.

The  offer,  which  is  expected  to  open  on  30  November  2012,  is  seeking  to  raise approximately $20 million from eligible New Zealand resident Unitholders.