Goodman Property Trust sells Christchurch property for $14 million

Wed, 15 Mar 2017

By Rebecca Howard March 16 (BusinessDesk) - Goodman Property Trust, the NZX-listed commercial and industrial property investor, sold commercial buildings and associated development land in Christchurch to a local investor for $14 million. This latest transaction brings the total value of sales for the current financial year to almost $280 million, the company said in a release to the stock exchange. “An active sales programme is reducing debt and providing funding capacity for GMT’s development activity. It’s a strategy that is impro...

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