Goodman Property Trust wants to increase Auckland industrial, business park property

Wed, 27 Jul 2016

By Sophie Boot July 27 (BusinessDesk) - Goodman Property Trust, New Zealand's second-largest listed property investor, says it believes the best returns will be delivered through industrial and business park properties in Auckland. At the company's annual meeting today, John Dakin, the chief executive of Goodman NZ which manages the trust, said it was "refining and renewing" its portfolio with greater investment in the city's industrial sector. "The re-balancing is a deliberate capital allocation decision that reflects the positive inv...

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