GMT $150 million Placement Fully Subscribed

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 $150 million Placement Fully Subscribed


Date
19 September 2019

Release
Immediate
Goodman (NZ) Limited, the Manager of Goodman Property Trust (“GMT”), is
pleased to announce that the underwritten placement (“Placement”), undertaken
yesterday, received strong support from local and offshore investors.
The $150 million equity raising was fully subscribed at the fixed price of $2.10 per unit.
Allotment of the new units is expected to occur on 24 September 2019.
Chief Executive Officer of Goodman (NZ) Limited, John Dakin said, “Our institutional
investors have shown strong support. The offer was fully subscribed, and the issue price
represents a 4.3% discount to Tuesday’s closing price. Investors recognise the benefits of
an investment strategy focused on the Auckland industrial market and we look forward to
extending the offer to our retail investors”.
The Retail Offer, to eligible New Zealand resident Unitholders, is seeking to raise
$15 million of new equity, with the ability to accept up to $10 million in oversubscriptions at
the Manager’s discretion. It is expected to open on 26 September 2019 and close on
18 October 2019.
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 $2.8 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 $2.8 billion.
The Trust holds an investment grade credit rating of BBB from Standard & Poor’s.

This release is not a prospectus or offering document under New Zealand law or under any other law.
It is for information purposes only and does not constitute an offer, invitation or recommendation to subscribe for, retain or
purchase any securities in GMT in any jurisdiction. This release does not constitute financial product advice or investment advice
and does not and will not form part of any contract for the acquisition of GMT securities.
This release has been prepared for release in New Zealand. This release does not constitute an offer to sell, or the solicitation of
an offer to buy, any GMT securities in the United States or in any jurisdiction in which such an offer would be illegal. None of the

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

securities offered and sold in the Placement and the Retail Offer have been, or will be, registered under the U.S. Securities Act of
1933 (“U.S. Securities Act”), or under the securities laws of any state or other jurisdiction of the United States. The securities to
be offered and sold in the Retail Offer may not be offered or sold, directly or indirectly, in the United States.