The Goodman Property Trust has settled its $93 million purchase of Foodstuffs (North Island) Ltd’s distribution centre in Mt Roskill.
The 13.1ha property at 58-60 Roma Rd has 36,977m² of warehouse & office space, plus yard & parking areas.
Goodman has acquired the distribution centre on a leaseback arrangement and will refurbish & reconfigure the facilities when Foodstuffs’ lease expires in 2021.
Site coverage of less than 30% & a light industrial zoning offer the longer-term opportunity through intensification of use or redevelopment that Goodman has specialised in.
12 September 2018: Goodman buys Foodstuffs centre for future intensification
Attribution: Company release.