GMT Hosting Highbrook Open Day

Level 2, 18 Viaduct Harbour Avenue, Auckland | PO Box 90940, Victoria Street West, Auckland 1142
Tel +64 9 375 6060 | www.goodman.com/nz



nzx release+
GMT Hosting Highbrook Open Day
Date 20 March 2018
Release Immediate
An open day for retail investors is being held at Highbrook Business Park between
10am and 12pm today.
A copy of the material being distributed to investors has been provided to the NZX.

For further information, please contact:

John Dakin Andy Eakin
Chief Executive Officer Chief Financial Officer
Goodman (NZ) Limited Goodman (NZ) Limited
(09) 375 6063 (09) 375 6077
(021) 321 541 (021) 305 316

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 is 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
of $2.6 billion, which accommodates around 200 customers. The Trust holds an investment grade credit rating of BBB
from Standard & Poor’s.

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99 %
OCCUPANCY
1 m sqm
OF RENTABLE SPACE
6.3 yrs
WEIGHTED AVERAGE
LEASE TERM
$
14 7. 2 m
ANNUAL NET PROPERTY
INCOME (FY17)
$
2.3 bn
(1)
PROPERTY PORTFOLIO
MARCH 2018
Goodman Property Trust
HIGHBROOK OPEN DAY
+ Predominantly invest in Auckland,
around 99% of portfolio
+ Industrial 85%, office 11%,
land 5%
+ 10,000+ investors
+ The ASX listed Goodman Group
holds a 21.2% cornerstone
investment in GMT
GMT
Overview
$
1.7 bn
MARKET CAPITALISATION
PLUS INVESTMENT GRADE
CREDIT RATING OF BBB
FROM S&P
26 %
(1)
LOAN TO VALUE RATIO
(PROFORMA)
$
1.35
UNIT PRICE
(AS AT 14/3/2018)
6.65 c
PER UNIT AFTER TAX
FY18 DISTRIBUTION
GUIDANCE
$
784 m
ASSET SALES (SINCE FY14)
FUNDING DEVELOPMENT
PROJECTS OF $375m
FOCUS ON ORGANIC
GROWTH
AUCKLAND
+ Vacancy levels around 2% for
prime Auckland industrial and a
similar level for prime CBD and
Viaduct office property
+ Occupier demand is strong
reflecting general economic
conditions
+ Prime assets performing better
+ Market rental growth is
increasing
+ Positive valuation outlook with
competition for prime assets from
local and offshore investors
(1) Portfolio adjusted for contracted sales yet to settle

85 customers
(APPROXIMATELY 4000 EMPLOYEES) PROVIDING
AN ANNUAL RENTAL INCOME OF OVER $60 MILLION)
99 %
OCCUPANCY AND WEIGHTED
AVERAGE LEASE TERM OF
6.0 YEARS
$
1.2 bn
CURRENT VALUE (30/09/17)
40
,
000 +
SQM OF DEVELOPMENT PROJECTS
ANNOUNCED IN FY18
108 ha
SITE AREA PLUS 40 HA OF
RESERVES AND PARKS
19 ha
OF DEVELOPMENT LAND
42 ha
OF RENTABLE SPACE,
APPROXIMATELY 80%
COMPLETE
MARCH 2018
Goodman Property Trust
HIGHBROOK OPEN DAY
+ Vision for the estate –
New Zealand’s most advanced
business park
+ Formerly the home of renowned
NZ industrialist Sir Woolf Fisher.
Site gained fame as Ra Ora horse
stud
+ Heightened level of customer
enquiry and shortage of space
driving development programme
+ Remaining land expected to
support further 100,000 sqm of
new development
+ Key infrastructure included
relocation of transmission lines,
bridge over the Waiouru River,
State Highway 1 interchange
+ Multi-award winning estate
+ Technically advanced with fibre
optic cabling available to all
customers and energy efficient
and environmentally sustainable
design principles incorporated in
all buildings
+ Key customer relationships with
NZ Post, DHL, CSR, Officemax and
Big Chill
Key
Statistics
HIGHBROOK
BUSINESS PARK:
62
SERVICED APARTMENTS
WITH A FURTHER 60
UNDER CONSTRCUTION
12
,
000
SQM OF COMMERCIAL
SPACE, CONVENIENCE
RETAIL AND HOSPITALITY
THE CROSSING:

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Multi-storey Car Park
Highbrook Drive
Office Building 6
Highbrook Crossing
Map contains artist impressions to show planned developments
Showroom Warehouses
80 Highbrook Drive
Spicers (NZ) Limited
Waiouru Road
Gateway Warehouses
102–162 Highbrook Dr
Gateway Warehouses
38 Sir Woolf Fisher Drive
Plytech
Warehouse
HIGHBROOK
TOUR 2018
Quest Expansion
Highbrook Crossing
Parade Units
8 Business Parade Sth
START
AND
FINISH