Goodman Property builds three new developments for $44.4 million

Mon, 14 Apr 2014

By Suze Metherell April 14 (BusinessDesk) – Goodman, the manager of Goodman Property Trust, said it plans to spend $44.4 million developing three new industrial properties. The developments, which will add 28, 430 square meters of industrial space to its portfolio, will be funded through existing debt facilities and further selling from its asset disposal programme, the company said in a statement. Last month, the Auckland-based company refinanced $600 million of bank facilities, extending the term to an average of 3 ½ years. Its total debt...

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