GMT
16/12/2014 10:00
ASSET
PRICE SENSITIVE
REL: 1000 HRS Goodman Property Trust
ASSET: GMT: GMT Sales Programme Approaches $150 million
Goodman (NZ) Limited ("GNZ"), the Manager of Goodman Property Trust, is
pleased to announce the sale of Enterprise Park in Wiri.
The multi-customer industrial facility has been sold to a private local
investor for $53.2 million. The unconditional sale, which is due to settle in
March 2015, increases the value of asset sales achieved in the first nine
months of FY15 to almost $150 million.
John Dakin, Chief Executive Officer of GNZ, said "Financing new development
and investment activity through asset recycling is facilitating the Trust's
business growth. The Enterprise Park sale continues a successful asset
disposal programme that is delivering strong profits while allowing us to
accelerate the Trust's development programme. It's a value adding strategy
that is converting the Trust's strategic land holdings into high quality,
income producing, industrial and office park assets."
For further information, please contact:
John Dakin
Chief Executive Officer
Goodman (NZ) Limited
(09) 375 6063
(021) 321 541
Andy Eakin
Chief Financial Officer
Goodman (NZ) Limited
(09) 375 6077
(021) 305 316
End CA:00258960 For:GMT Type:ASSET Time:2014-12-16 10:00:22
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