Goodman (NZ) Limited, the Manager of Goodman Property Trust ("GMT" & "Trust"), has advised that it has received notification from Vodafone that it will not be renewing its lease of the Vodafone Building when it expires in April 2017.
The building is owned by the joint venture between GMT (51%) and the Singaporean sovereign wealth fund, GIC (49%).
John Dakin Chief Executive Office of Goodman (NZ) Limited, said "The 13,932 sqm building is one of very few opportunities available for large corporate occupiers seeking prominent business premises in 2017. Opposite Victoria Park and neighbouring the attractions of the Viaduct and rapidly developing Wynyard Quarter, the location literally sells itself. Great transport links, and a planned refurbishment and upgrade means we expect this space to lease quickly."
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.
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