How come this wasnt released to the market, found it on their website:
Goodman Group sells Queensland facility and completes a
number of leasing transactions across Australia
Date 4 May 2009
Release Immediate
Goodman Group (Goodman) today announces the completion of:
The sale by Goodman Australia Industrial Fund (GAIF) of its remaining facility at
Queensport Quays Business Park (Queensport) in Brisbane.
Leasing transactions equating to 143,718 sqm over the first three months of the 2009
calendar year equating to $13.6 million in total net annual rental income.
The sale of the Queensport facility follows GAIF’s recent disposal of the NHP facility also at
Queensport. These transactions highlight the Fund’s success in responding to market demand
and its focus on effective asset management. The latest sale consists of a facility with total net
lettable area of 9,568 sqm and is currently leased to QML Pathology.
Major leasing transactions have been completed over the three months ended 31 March 2009,
on behalf of a number of existing customers, including Blue Star Print Group Australia, Storpak
Australia and TNT Australia. New lease deals for the same period achieved a high weighted
average lease term of 4.7 years, reflecting the continued demand for medium to long-term
leases of assets in prime locations.
Jason Little, General Manager Australia, said, ”These results show that our focus is on doing the
fundamentals of our integrated property business well, which means delivering superior and
personalised service to our customers and creating long-term value for our investors. This is in
turn reflected in our strong 97% occupancy and customer retention of approximately 80% within
the portfolio.”
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