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Goodman Property Trust (NZX: GMT) to Redevelop Strategic Mt Roskill Site

Wednesday 25th November 2020

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Goodman (NZ) Limited, the Manager of Goodman Property Trust (GMT or Trust), is pleased to announce the redevelopment of the Trust’s Roma Road property in Mt Roskill. The redevelopment will be anchored by a new 17,700 sqm logistics facility for an existing customer from within the portfolio.

With changing consumer behaviour driving the acceleration of e-commerce, the redevelopment will help meet the increasing demand for strategically located logistics space across Auckland.

Development of the Mt Roskill estate will be staged to meet demand with the property expected to have a value well in excess of $200 million once fully developed.

Targeting a Green Star rating of at least five stars the new buildings are expected to feature the latest design innovations including sustainable building materials and efficient new technologies such as solar energy.

The initial stage, including the first warehouse development together with demolition and enabling works across the estate, requires $55 million of additional investment. The customer has committed to a 20-year lease over the new facility which has an expected completion date of mid-2023.

See the links below for more details:

GMT to redevelop strategic Mt Roskill site

Source: Goodman Property Trust



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