GMT Penrose Warehouse Fire

Level 28, 151 Queen Street, Auckland | PO Box 90940, Victoria Street West, Auckland 1142
Tel +64 9 375 6060 | www.goodman.com/nz

nzx release+
GMT Penrose Warehouse Fire
Date
27 October 2017
Release
Immediate

Goodman (NZ) Limited, the Manager of Goodman Property Trust (“GMT” or
“Trust”), has advised that the Humes warehouse facility within Connect Business
Park in Penrose has been badly damaged by fire.

The fire at the 940 sqm building was extinguished by Fire Services during the night. The
cause of the fire has yet to be established.

Goodman (NZ) Limited's Chief Executive Officer, John Dakin said “The small
warehouse building is fully insured and we are now working with Humes to minimise the
interruption to its business operations. We are also working with KiwiRail to address the
impacts on neighbouring rail services.”
The warehouse represents less than 0.1% of GMT’s property portfolio.
For further information please contact:

John Dakin
Chief Executive Officer
Goodman (NZ) Limited
(09) 375 6063
(021) 321 541

James Spence
Director Investment Management
Goodman (NZ) Limited
(09) 903 3269
(021) 538 934


About Goodman Property Trust:
GMT is an externally managed unit trust, listed on the NZX. It has a market capitalisation of around $1.7 billion, ranking it
in the top 20 of all listed investment vehicles. The Manager of the Trust is a subsidiary of the ASX listed Goodman
Group, Goodman Group are also the Trust’s largest investor with a cornerstone unitholding of 21%.
GMT is New Zealand’s leading industrial and business space provider. It has a substantial property portfolio, with a value
in excess of $2.4 billion, which accommodates around 240 customers. The Trust holds an investment grade credit rating
of BBB from Standard & Poor’s.