Goodman eyes new retail bond ahead of maturity

Goodman eyes new retail bond ahead of maturity
Brent Melville
Goodman Property Trust will likely offer a new retail bond to replace a $100 million bond maturity in December to keep its bank funding available for other uses. Chief financial officer Andy Eakin told Goodman's annual meeting of unit holders that despite “ample capacity” to repay the $100 million from bank borrowings, the preference will be to issue non-bank debt to help retain liquidity within its banking facilities and to provide operational flexibility. The property investor has four bonds listed on the NZX - each $100 million - yield...

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Vector faces fresh complaint on unfair contract terms
Property

Vector faces fresh complaint on unfair contract terms

Vector faces more scrutiny over contract terms after Commerce Commission advice.

Vector ‘on notice’ for unfair contract terms; complainant now facing higher costs
Property

Vector ‘on notice’ for unfair contract terms; complainant now facing higher costs

A developer’s Fair Trading win against Vector feels like a loss.

Garth Bray 01 Jul 2025
Investore buys New Lynn Bunnings site for $43 million
Property

Investore buys New Lynn Bunnings site for $43 million

Investore Property has struck a deal to acquire the Bunnings complex in New Lynn, Auckland.The company told the market on Friday it had entered an unconditional agreement to acquire the property for $43 million.The 2.2-hectare site at 2–12 Titirangi Rd features an 11,000sq m buil...

Staff reporters 27 Jun 2025