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.
Goodman Property Trust
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.
A turnaround in fair value gains lifted the Goodman Property Trust’s half-year profit 47% above the interim result a year earlier.
The Goodman Property Trust has settled its $93 million purchase of Foodstuffs (North Island) Ltd’s distribution centre in Mt Roskill.