Reuters logo
BRIEF-Goodman Property Trust says further disposals as part of trust's asset recycling programme
March 16, 2017 / 2:02 AM / 9 months ago

BRIEF-Goodman Property Trust says further disposals as part of trust's asset recycling programme

March 16 (Reuters) - Goodman Property Trust:

* Announce further disposals as part of trust’s asset recycling programme

* Unconditional sale is expected to settle before end of march 2017

* Commercial buildings & associated development land at show place in addington, have been sold to local investor for nz$14 million

* Largest being disposal of millennium and yellow hq office properties at 600-604 great south road in auckland, for $210 million

* Trust will hold investment for a maximum period of two years and expects to receive an annual return of 8%

* To facilitate transaction, gmt has subscribed for $12 million of units in property syndicate that now owns asset

* All figures in nz$

Source text for Eikon:

Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below