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

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

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Chatham Rock Phosphate Limited (NZX: CRP) Chatham Successfully Completes Private Placement
Turners Automotive Group Limited (NZX: TRA) Upgrades FY21 Earnings Guidance
Blackwell Global Holdings Limited (NZX: BGI) Restructure of Business Operations
Vista Group International Limited (NZX: VGL) Vista Group appoints James Miller as Independent Director
Rakon Limited (NZX: RAK) Update of FY2021 Earnings Guidance
The a2 Milk Company Limited (NZX: ATM) Organisational Announcement
Reserve Bank of New Zealand Committed to Action as It Responds to Data Breach
MHM Automation Limited (NZX: MHM) Settlement of New Plymouth Building Sale
Napier Port Holdings Limited (NZX: NPH) First Quarter 2021 Trade Volumes
New Zealand Oil & Gas Limited (NZX: NZO) Mahato PSC Update - Oil Production