Goodman to spend $28 million on three new developments

Mon, 02 Mar 2015

By Suze Metherell March 3 (BusinessDesk) - Goodman Property Trust, New Zealand's largest listed property investor by market value, will spend $28 million on two new industrial plants and an office building at its Highbrook Business Park. The additional space will add $2.2 million to annual rent and a further 11,140 square metres of lettable area, the Auckland-based property investor said in a statement. The latest development brings the company's development spending to $112.1 million over the past 12 months. “A positive business env...

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