Goodman (NZ) Limited, the Manager of Goodman Property Trust (“GMT” and “Trust”) has advised that the Statement of Investment Policies and Objectives for the Trust has been updated.
The revision, which will come into effect on 10 December 2018, will allow an increase in the proportion of uncommitted development projects being undertaken.
John Dakin Chief Executive Officer of Goodman (NZ) Limited said, “With the development programme well advanced, and GMT’s land weighting below 5% of portfolio value, the Trust’s Statement of Investment Policies and Objectives (“SIPO”) is being amended to add flexibility. It’s a positive change that recognises the success of the build-to-lease programme and the smaller sized facilities required to complete the development of GMT’s remaining land holdings.”
A copy of the amended document, in mark-up, accompanies this announcement
The updated SIPO will be uploaded on the Disclose Register (at https://disclose-register.companiesoffice.govt.nz/) so as to ensure that the most current version is accessible to Unitholders.