Goodman Property's Highbrook Park attracts new $26.8M coolstore

Tue, 14 Jul 2015

By Paul McBeth July 15 (BusinessDesk) - Goodman Property Trust, the country's second-biggest listed property investor, will build a new $26.8 million coolstore at its Highbrook Business Park site in Auckland. The Auckland-based property firm development will add a new 7,458 square metre facility at the Highbrook site, which has eight new projects in the pipeline totalling $108.6 million, the trust's manager Goodman (NZ) said in a statement. The Highbrook projects are expected to generate annual rents of $8.6 million, a yield on cost of ab...

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