Post covid logistics demand sparks investment

Villa Maria, from wine to warehousing. (Image: Google earth)

Wed, 04 Aug 2021

Goodman Property Trust is banking on the boom in logistics and warehousing demand continuing with its $75 million purchase of industrial land from Villa Maria winery this week. Goodman NZ chief executive John Dakin, the manager of the trust, said the property group wanted to build an urban logistics estate at the 34-hectare light industrial zoned site near the airport. Forsyth Barr analysts Rohan Koreman-Smit and Scott Anderson said the acquisition is sensible given its location, development margins and the yield on cost in a low...

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