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- Release Date: 13/11/12 10:43
- Summary: GENERAL: GMT: Seismic Assessment Completed
- Price Sensitive: No
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GMT
13/11/2012 08:43
GENERAL
REL: 0843 HRS Goodman Property Trust
GENERAL: GMT: Seismic Assessment Completed
Goodman (NZ) Limited ("GNZ"), the Manager of Goodman Property Trust, is
pleased to confirm that it has completed a sesmic review of its office
portfolio in accordance with the standards of the New Zealand Society of
Earthquake Engineering.
The structural assessment (which included Detailed Engineering Evaluations
where necessary) has confirmed that 97.5% of the Trust's commercial floor
space is deemed low risk with an equivalent rating of A or B under the New
Building Standards.
There are no office buildings in the portfolio that are considered earthquake
prone.
John Dakin, Chief Executive Officer of GNZ, said "The benefits of investing
in modern high quality assets have been reinforced by the results of this
review. Our customers in Auckland and Christchurch expect the very best
facilities and we will be carrying out some minor works to lift the remaining
2.5% of the office portfolio up to the same superior standard."
The planned works have an expected total cost of $5.0 million and will be
undertaken over the next 3-4 years as part of the general capital maintenance
programme.
For further information, please contact:
John Dakin
Chief Executive Officer
Goodman (NZ) Limited
(09) 375 6063
(021) 321 541
Murray Barclay
General Manager Property
Goodman (NZ) Limited
(09) 969 3743
(021) 767 424
End CA:00229634 For:GMT Type:GENERAL Time:2012-11-13 08:43:18
