Goodman Property Trust to sell 3 Auckland offices for $206 million

Thu, 14 Jul 2016

By Sophie Boot July 14 (BusinessDesk) - Goodman Property Trust will sell three of its Auckland offices for $206 million to reduce debt. New Zealand's second-biggest listed property investor will sell its two Millennium office estates on Great South Road in Greenlane, which house businesses such as Mighty River Power, Bridgestone and American Express International, and the adjoining Yellow HQ building to local investor Oyster Management. Goodman has been overhauling its portfolio, selling more than $300 million of assets and signalling...

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