'High barriers to entry' will protect Goodman's market

Highbrook now boasts 130 tenants. (Image: GPT)

Wed, 28 Jun 2023

Goodman Property Trust chief executive James Spence says Australian property companies find Auckland a very difficult market, with significant barriers to entry protecting its current market position."Some have been successful but a lot of the land in our competitive landscape is with private Auckland investors and Auckland Airport, with few overseas owners at present," Spence said.Speaking at Goodman's AGM on Wednesday, Spence said that limited new supply and barriers were the key structural trends driving customer demand for mor...

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