Goodman Property plans new $22.4M building at Central Park development

Mon, 09 Sep 2013

Sept. 9 (BusinessDesk) - Goodman Property Trust, the country’s biggest listed property investor by market value, is planning to spend $22.4 million on a new building at its Central Park development in Auckland’s Greenlane. The property trust’s manager, Goodman (NZ), said it will erect a new five-level office space with 5,670 square metres to cater for more than 2,000 people, replacing an older building. The development is expected to be finished in late 2014, and will provide a return of 9 percent of costs once it’s fully leased. “The Gree...

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