Goodman's property gains another $500m

Thu, 23 Sep 2021

Goodman Property Trust's manager said its first-half results will include a property gain of about $500 million.Draft valuation reports from its independent valuers indicate the portfolio's value will rise by about 13% to about $4.3 billion as at Sept 30, the manager said."The results reflect the strong property fundamentals and buoyant investment market for prime warehouse and logistics sector assets," said John Dakin, the chief executive of the manager."Underpinned by a growing digital economy, customer demand for distr...

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