T&G sells site to Goodman Property for $65m

Wed, 11 Sep 2019

By Paul McBeth Sept. 12 (BusinessDesk) - T&G Global has sold its Mt Wellington property to Goodman Property Trust for $65 million and will lease it for up to four years while it figures out what kind of office and logistics space it needs. The fresh produce exporter sold the 5.8 hectare site while it works how to best use its capital in New Zealand. The property encompasses office space, warehouse operations and its transport business, and is bordered by Auckland's southern motorway. "T&G will lease back the site for a period of up t...

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