GMT corporatised and stapled structure completed

Goodman Property Services (NZ) Limited and Goodman New Zealand Limited, Level 8, Beca House, 124 Halsey Street, Wynyard
Quarter, Auckland 1010, New Zealand | PO Box 90940, Victoria Street West, Auckland 1142, New Zealand
Tel +64 9 375 6060 | Info-nz@goodman.com | https://nz.goodman.com





nzx release+
GMT corporatised and stapled structure completed
Date 7 April 2026
Release Immediate
Further to the announcement on 27 February 2026 and detailed in the Notice of Special
Meeting and Explanatory Notes dated 27 February 2026, Goodman NZ (“GNZ”) is pleased
to confirm the proposal to transition Goodman Property Trust (“GMT” or the "Trust") to a
corporatised and stapled structure (the “Transaction”) has now been completed.
The Transaction was subject to a number of conditions being satisfied including
Unitholders passing an Extraordinary Resolution and holders of Bonds issued by GNZ
Bond Issuer Limited passing certain Special Resolutions, which were passed on 31 March
2026.
All other conditions to proceed with the Transaction were satisfied.
GNZ comprises Goodman New Zealand Limited ("GNZL") and Goodman Property
Services (NZ) Limited ("GPS") and the shares in GNZL and the shares in GPS have been
contractually and constitutionally stapled on a one-for-one basis to form "Stapled
Securities".
The Stapled Securities will commence trading on 7 April 2026 on the NZX under a single
ticker code, “GNZ”.

For further information, please contact:
John Dakin
Chair
Goodman Property Services (NZ) Limited
(09) 375 6063

James Spence
Chief Executive Officer
Goodman Property Services (NZ) Limited
(09) 903 3269



About Goodman NZ:
Goodman NZ (GNZ) is New Zealand's leading warehouse and logistics space provider, with a high-quality industrial property
portfolio valued at $4.7 billion (including assets under management) as at 30 September 2025. GNZ has more than 200
customers, a proven development capability and is focused on core industrial property markets in Auckland. GNZ is one of
the NZX’s largest listed issuers and holds an investment grade credit rating of BBB from S&P Global Ratings.