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GMT secures additional bank facility

Monday, 2 December 2013

Goodman (NZ) Limited, the manager of Goodman Property Trust ("GMT") is pleased to announce that BNZ has provided GMT with an unsecured $100 million facility.

This new facility will terminate with effect from the date of issue of the recently announced offer of Goodman+Bonds and is available for a period of 364 days from initial drawdown. 

About Goodman Property Trust: 

GMT is New Zealand’s leading industrial and business space provider. It has a substantial property portfolio, with a value of $2.0 billion.

It is a high quality business with an investment grade corporate credit rating of BBB from Standard & Poor’s.

GMT is an externally managed unit trust, listed on the NZX. It has a market capitalisation in excess of $1.2 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 17.5%.