Goodman sells Vector Centre for $20.35m

Sun, 08 Jul 2012

July 9 (BusinessDesk) - Goodman Property Trust has sold the Vector Centre in Newmarket, Auckland for $20.35 million to a private investor. The unconditional sale of the refurbished office building is expected to settle later this month. “We have continued to take advantage of a strengthening investment market to recycle capital into more growth oriented opportunities,” said John Dakin, the chief executive of the trust's manager. “The proceeds of this sale, and the earlier disposal of 120 Pavilion Drive, will be reinvested into the trust's v...

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