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12/08/2013 15:03
ASSET
REL: 1503 HRS Goodman Property Trust
ASSET: GMT: GMT Announces Asset Sale
Goodman (NZ) Limited ("GNZ"), the Manager of Goodman Property Trust, is
pleased to announce the sale of Gateside Industry Park in Penrose.
The multi-tenanted estate, which includes around 2.3 ha of associated
development land, is being sold to Port of Tauranga Limited for $37.2
million.
John Dakin, Chief Executive Officer of GNZ, said "The sale of Gateside is
part of a successful asset disposal programme that has released more than $70
million of capital over the last 18 months. The equity that it provides is
helping fund an accelerating development programme that is focused on
converting the Trust's strategic land holdings into high quality industrial
and office park assets."
The unconditional sale is due to settle in February 2014.
For further information, please contact:
John Dakin
Chief Executive Officer
Goodman (NZ) Limited
(09) 375 6063
(021) 321 541
End CA:00239549 For:GMT Type:ASSET Time:2013-08-12 15:03:48
