GMT Sells Vector Centre | New Zealand
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GMT Sells Vector Centre

Monday, 9 July 2012
Goodman (NZ) Limited (“GNZ”), the Manager of Goodman Property Trust (“GMT”), is pleased to announce the sale of the Vector Centre at 101 Carlton Gore Road in Newmarket.

The refurbished office building is being sold to a private investor for $20.35 million.

John Dakin, Chief Executive Officer of GNZ, said “We have continued to take advantage of a strengthening investment market to recycle capital into more growth orientated opportunities. The proceeds of this sale, and the earlier disposal of 120 Pavilion Drive will be reinvested into the Trust’s value adding development programme where we are experiencing strong levels of customer enquiry.”

The unconditional sale is expected to settle later in July 2012.