The Goodman Property Trust’s manager, Goodman (NZ) Ltd, said in its release of the trust’s annual result this week that its decision to focus exclusively on the Auckland industrial market was producing record returns for investors and quality property solutions for its customers.
Goodman Property Trust
The Goodman Property Trust made nearly as much from valuation gains in the year to March as it made from all sources in the previous year.
The Goodman Property Trust’s manager, Goodman (NZ) Ltd, expects a revaluation gain of $185 million in its annual results to 31 March, lifting the portfolio 7.6% to $2.6 billion.
Stride Property Ltd has unconditionally agreed the sale of one property to property & funds manager Oyster Management Ltd and the purchase of another from the Goodman Property Trust.
The Goodman Property Trust has conditionally bought an industrial property in Mangere for $29 million.
The Goodman Property Trust’s sale of its interest in the owner of the VXV property portfolio Along Fanshawe St in Auckland, Wynyard Precinct Holdings Ltd, went unconditional last week.