GMT goodman property trust (ns)

Ann: ASSET: GMT: GMT Sells Vector Centre

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    GMT
    09/07/2012 09:27
    ASSET
    
    REL: 0927 HRS Goodman Property Trust
    
    ASSET: GMT: GMT Sells Vector Centre
    
    Goodman (NZ) Limited ("GNZ"), the Manager of Goodman Property Trust ("GMT"),
    is pleased to announce the sale of the Vector Centre at 101 Carlton Gore Road
    in Newmarket.
    
    The refurbished office building is being sold to a private investor for
    $20.35 million.
    
    John Dakin, Chief Executive Officer of GNZ, said "We have continued to take
    advantage of a strengthening investment market to recycle capital into more
    growth orientated opportunities. The proceeds of this sale, and the earlier
    disposal of 120 Pavilion Drive will be reinvested into the Trust's value
    adding development programme where we are experiencing strong levels of
    customer enquiry."
    
    The unconditional sale is expected to settle later in July 2012.
    
    For further information, please contact:
    
    John Dakin
    Chief Executive Officer
    Goodman (NZ) Limited
    09) 375 6063
    021) 321 541
    End CA:00224760 For:GMT    Type:ASSET      Time:2012-07-09 09:27:42
    				
 
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