Goodman pays $70m for land in Otahuhu

Fri, 18 Sep 2020

Goodman Property Trust's manager said it has bought properties in Otahuhu adjoining the trust's Savill Link industrial estate for $70 million.The 13.3 hectares of land provides the potential to extend the industrial estate into a 44.8 hectare distribution hub, providing more than 200,000 square metres of logistics space."These strategic acquisitions will facilitate the expansion of Savill Link. Adjoining the estate, and with direct rail access, the new acquisitions provide the trust with a future development pipeline in a proven lo...

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