Viaduct Acquisition Now Unconditional | New Zealand
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Viaduct Acquisition Now Unconditional

Monday, 21 December 2015

Further to the announcement of 27 March 2015, Goodman (NZ) Limited has confirmed that the purchase of the new office building being developed for Datacom is now unconditional.

Located in the VXV Precinct on the corner of Gaunt and Daldy Streets in Auckland City, the 16,735 sqm office development will be purchased from Fletcher Building when it completes in March 2017.

The $86.2 million acquisition is being made by Wynyard Precinct Holdings Limited the joint venture between Goodman Property Trust and GIC, the sovereign wealth fund of Singapore.

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.