Goodman Property portfolio revalued up $185M to record

Tue, 05 Mar 2019

By Paul McBeth March 6 (BusinessDesk) - Goodman Property Trust says strong demand for good quality industrial sites and generally favourable market conditions contributed to a $185 million revaluation gain on its portfolio. The real estate investor's manager, Goodman (NZ), said its upcoming result for the March 2019 year will include a 7.6 percent lift in the valuation of its portfolio, which is expected to be a record $2.65 billion as at March 31. That's expected to add 14 cents per unit to Goodman's net tangible asset, which was $1....

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