GMT expands portfolio with Mt Wellington 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

nzx release+
GMT expands portfolio with Mt Wellington acquisition
Date 16 December 2021
Release Immediate
Goodman Property Trust (GMT) has conditionally acquired the Sky Network
Television (SKT) Campus in Mt Wellington for $56 million.
The purchase includes adjoining properties at 10-16 Panorama Road and 34 Leonard Road with
a combined site area of 4.45 hectares. SKT is committing to a lease-back over a proportion of
the 17,251 sqm facility .
John Dakin, Chief Executive Officer of Goodman (NZ) Limited said, “The purchase of the Mt
Wellington Campus complements our existing portfolio. We expect the remaining space to lease
quickly but ultimately these sit es will be amalgamated and redeveloped into an urban logistics
estate that maximises the value of the central Auckland location.”
With settlement expected in March 2022, the acquisition remains conditional on further due
diligence and Goodman (NZ) Limited Board approval.
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 $3.7 billion, ranking it
in the top 20 of all listed investment vehicles. The Trust is New Zealand’s leading warehouse and logistics space
provider. It has a substantial property portfolio, with a value of $4.3 billion at 30 September 2021. The Trust also holds an
investment grade credit rating of BBB from S&P Global Ratings.

The Manager of the Trust is Goodman (NZ) Limited, a subsidiary of the ASX listed Goodman Group. Goodman Group is
a A$62 billion specialist global manager of warehouse and logistics real estate.