- Release Date: 28/01/15 10:54
- Summary: JOINTV: GMT: OIO Approval Received for Viaduct Quarter Joint Venture
- Price Sensitive: No
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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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- Ann: JOINTV: GMT: OIO Approval Received for Viaduct Quarter Joint Venture
Ann: JOINTV: GMT: OIO Approval Received for Viaduct Quarter Joint Venture
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