GMT Sells Downer EDI facility for over $6 million | New Zealand
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GMT Sells Downer EDI facility for over $6 million

Wednesday, 31 October 2012
Goodman (NZ) Limited (“GNZ”), the Manager of Goodman Property Trust, is pleased to announce the sale of the Downer EDI facility at Glassworks Industry Park in Christchurch.

The office building and stand-alone warehouse property is being sold to a local investor for $6.6 million.

John Dakin, Chief Executive Officer of GNZ, said “Strengthening investor sentiment has allowed GMT to recycle almost $35.0 million of capital through its recent sales campaign. Christchurch remains an important investment market for the Trust and the proceeds from this sale will be reinvested into local initiatives such as the new facility for PlaceMakers.”

The unconditional sale is expected to settle in November 2012.