GMT Receives OIO Approval for Mangere Acquisition

Level 2, 18 Viaduct Harbour Avenue, Auckland | PO Box 90940, Victoria Street West, Auckland 1142
Tel +64 9 375 6060 | www.goodman.com/nz
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GMT Receives OIO Approval for Mangere Acquisition
Date
13 September 2019
Release
Immediate
Further the announcement of 5 December 2018, Goodman (NZ) Limited is pleased
to confirm Goodman Property Trust has now received Overseas Investment
Office approval for the acquisition of 42, 60 and 70 Favona Road in Mangere.
The purchase is expected to settle later this month.
For further information please contact:
John Dakin Andy Eakin
Chief Executive Officer Chief Financial Officer
Goodman (NZ) Limited Goodman (NZ) Limited
(021) 321 541 (021) 305 316

James Spence
Director Investment Management
Goodman (NZ) Limited
(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 $2.9 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 22%.
GMT is New Zealand’s leading industrial space provider. It has a substantial property portfolio, with a current value of $2.6
billion. The Trust holds an investment grade credit rating of BBB from Standard & Poor’s.