GMT
28/01/2015 10:54
JOINTV
PRICE SENSITIVE
REL: 1054 HRS Goodman Property Trust
JOINTV: GMT: OIO Approval Received for Viaduct Quarter Joint Venture
Further to the announcement of 3 November 2014, Goodman (NZ) Limited, the
Manager of Goodman Property Trust ("Trust" or "GMT"), is pleased to confirm
that the Overseas Investment Office has granted approval for the introduction
of GIC as a new capital partner in an expanded joint venture investing in
Auckland's Viaduct Quarter.
The joint venture is now unconditional and settlement is expected in
February.
John Dakin, Chief Executive Officer of Goodman (NZ) Limited said "The Viaduct
Quarter is a proven investment location that presents exciting new
opportunities with local government initiatives and private development
transforming the former marine and industrial areas into a world-class,
mixed-use waterfront precinct. The introduction of a strongly aligned capital
partner will enable GMT to extend and diversify its Viaduct portfolio
maintaining a long term investment of around $250 million. "
The joint venture, which includes GMT's existing Viaduct property interests,
will own a portfolio of assets valued at $313 million with a mandate to grow
to around $500 million over time.
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:00260082 For:GMT Type:JOINTV Time:2015-01-28 10:54:12
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