Goodman Property Trust placement goes without a hitch

Tue, 13 Nov 2012

Nov 14 (BusinessDesk) - Goodman Property Trust reports it successfully placed $60 million of new units with local and offshore investors yesterday, as part of an $80 million equity-raising to help fund the $186.6 million buy-out of an Auckland business park, Highbrook. Allotment will occur on Nov. 16. The placement was fully subscribed at the fixed issue price of $1.015625 cents per unit. “Our institutional investors have recognised the value of the Highbrook transaction and the many benefits that it offers," said John Dakin, chief executive...

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