Wednesday 9th October 2013
|Text too small?
Goodman Property Trust, the country's biggest listed property investor by market value, is planning two developments at Christchurch's Glassworks Industry Park for a combined cost of some $20.7 million.
The developments are a pre-committed warehouse and distribution facility for logistics operator DHL and a multi-unit development with tyre maker Bridgestone NZ as an anchor tenant, the property trust's manager, Goodman (NZ), said in a statement. The project will add 12,147 spare metres to its investment portfolio.
"We are extremely pleased to be extending our relationship with both DHL and Bridgestone, high quality customers who already occupy tailor-built premises in our Auckland portfolio," chief executive John Dakin said. "These projects continue the momentum in our development programme, with around $90 million of new projects announced in the first six months of the 2014 financial year."
Last month, the property investor said it plans to spend $22.4 million on a new building at its Central Park development in Auckland's Greenlane.
Units in the property trust rose 0.5 percent to $1.02 today.
No comments yet
Goodman Property plans new $22.4M building at Central Park development
Goodman Property expects to boost payments to unit holders in 2014, signals further investments
Goodman Property Trust records first increase in portfolio value since 2008
Goodman Property scales unit purchase plan after oversubscription
Goodman Property investors approve $186.6M Highbrook deal
Goodman Property Trust placement goes without a hitch
Goodman Property seeks $80M to help fund Highbrook buy-out
Goodman Property earnings fall 4.1% as tax bill rises
GMT Secures New 5 Year Debt Funding
GMT secures major design build commitment