Kiwibank exits Goodman Property's $600 mln lending syndicate

Fri, 25 Jul 2014

By Suze Metherell July 25 (BusinessDesk) - Kiwibank has exited a five-year, $30 million, lending relationship with Goodman Property Trust, New Zealand's largest listed property investor with the remaining 'big four' banks to boost their funding to $150 million each. The property trust's $600 million lending syndicate is now evenly split across the Commonwealth Bank of Australia, Westpac Banking Corp, Australia & New Zealand Banking Group and National Australia Bank, the Auckland-based property investor's manager said in a statement. Kiwib...

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