Goodman Property to invest $107M in six industrial developments in Auckland

Wed, 09 Aug 2017

By Jonathan Underhill Aug. 10 (BusinessDesk) - Goodman Property Trust, the NZX-listed commercial and industrial property investor, plans to spend $107 million in six industrial developments in Auckland, saying it is intensifying activity in the city to meet demand. The six new projects will add 58,368 square metres of warehouse and office space to GMT’s 1 million sqm portfolio, it said in a statement. "The Auckland industrial market is the strongest it’s ever been with historically low vacancy creating significant opportunity for our...

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