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.
A joint venture led by property fund manager Oyster Property Group Ltd settled its $209 million purchase of the Central Park Corporate Centre at Ellerslie from the Goodman Property Trust on Friday.
Late addition to the Kiwi takeup – 2 sell at Colliers – 10 sell in Bayleys’ Total Property auction – Boarding house, 7 apartments & residential sell at Barfoots – 2 apartments sell at Bayleys – Goodman lifts profit 34% & considers new bond issue – Kiwi gets 93% institutional takeup