GMT to redevelop strategic Mt Roskill site

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 to redevelop s trategic Mt Roskill site
Date 25 November 2020
Release Immediate
Goodman (NZ) Limited, the Manager of Goodman Property Trust (GMT or Trust),
is pleased to announce the redevelopment of the Trust’s Roma Road property in
Mt Roskill. The redevelopment will be anchored by a new 17,700 sqm logistics
facility for an existing customer from within the portfolio.
With changing consumer behaviour driving the acceleration of e-commerce, the
redevelopment will help meet the increasing demand for strategically located logistics
space across Auckland.
John Dakin, Chief Executive Officer of Goodman New Zealand said, “This is the first
stage in the creation of an inner-city distribution hub in Mt Roskill. Close to consumers
and with direct access to Auckland’s motorway network, the urban location is ideal for
fulfilment and logistics businesses.”
Development of the Mt Roskill estate will be staged to meet demand with the property
expected to have a value well in excess of $200 million once fully developed.
John Dakin, said, “The rapid growth in e-commerce and our customers’ desire to be in
locations close to consumers has brought forward our redevelopment plans for Roma
Road. The masterplan includes four separate logistics facilities, providing over 42,000
sqm of high-quality space.”
Targeting a Green Star rating of at least five stars the new buildings are expected to
feature the latest design innovations including sustainable building materials and
efficient new technologies such as solar energy.
The initial stage, including the first warehouse development together with demolition
and enabling works across the estate, requires $55 million of additional investment. The
customer has committed to a 20-year lease over the new facility which has an expected
completion date of mid-2023.
For further information please contact:
John Dakin James Spence
Chief Executive Officer Director Investment Management
Goodman (NZ) Limited Goodman (NZ) Limited
(021) 321 541 (021) 538 934
Andy Eakin
Chief Financial Officer
Goodman (NZ) Limited
(021) 305 316

About Goodman Property Trust:
GMT is an externally managed unit trust, listed on the NZX. It has a market capitalisation of around $3.4 billion, ranking it
in the top 20 of all listed investment vehicles and is New Zealand’s largest listed property investment vehicle. 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 warehouse and logistics space provider. It has a substantial property portfolio, with a
value of $3.3 billion at 30 September 2020. The Trust holds an investment grade credit rating of BBB from S&P Global
Ratings.