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.
ASX-listed industrial property specialist Goodman Group lifted its operating profit for the June year by 9% to $A845.9 million, and lifted operating earnings/share by 8.3% to A46.7c.
ASX-listed Goodman Group, which manages the Goodman Property Trust in New Zealand, has established a $US700 million ($NZ1 billion) Brazilian logistics partnership to invest in Sao Paulo & Rio de Janeiro.
Goodman Group sold $A1.9 billion of assets in the June year, and reinvested the lot to generate higher development returns.
Changing land use in Sydney & Melbourne is proving a highly profitable bonus for ASX-listed Goodman Group, which now has an urban renewal pipeline exceeding 35,000 apartments in the 2 cities.
£2 billion New Covent Garden redevelopment gets consent – Goodman starts construction in Birmingham regeneration precinct Eastside Locks