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- Release Date: 04/12/12 12:10
- Summary: GENERAL: GMT: GMT Leases New Office Development
- Price Sensitive: No
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GMT
04/12/2012 10:10
GENERAL
REL: 1010 HRS Goodman Property Trust
GENERAL: GMT: GMT Leases New Office Development
Goodman (NZ) Limited, the Manager of Goodman Property Trust ("GMT" or
"Trust"), is pleased to announce that the new 5,340 sqm office development at
Central Park Corporate Centre has been leased seven months ahead of
completion.
The premium office development, which will incorporate sustainable design
elements and feature 1,400 sqm floorplates, has been leased to leading
corporate customers Genesis Energy and Restaurant Brands Limited who are both
relocating from within the Trust's existing portfolio.
Goodman (NZ) Limited's Chief Executive Officer, John Dakin, said "These new
leasing commitments demonstrate the attraction of our office parks and the
benefit of having a development capability that can meet the requirements of
both new and existing customers. It has been a highly successful development
that reinforces the Trust's leading position in the Greenlane office
precinct."
Genesis Energy will occupy three of the four floors and take naming rights of
the low rise campus style building while Restaurant Brands Limited will
occupy the top floor. The respective leases have initial terms of 9 and 12
years.
Scheduled to complete in July 2013, the development has a forecast total
project cost of $21.4 million (including land, construction costs and all
professional fees). The market rentals that have been agreed will provide an
initial yield of around 9.7%.
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:00230641 For:GMT Type:GENERAL Time:2012-12-04 10:10:26
