RESEND: Goodman enters JV with Singapore's GIC for Viaduct Quarter development

Mon, 03 Nov 2014

(Fixes typo in headline) By Suze Metherell Nov. 3 (BusinessDesk) - Goodman Property Trust, the country's largest listed property investor by market capitalisation, has entered into a joint venture with Singapore's GIC to co-invest in its Auckland Viaduct Quarter development. The Auckland-based investor will retain a 51 percent stake in the portfolio valued at $313 million, and marks the Singapore-based sovereign wealth fund's first real estate investment in New Zealand, Goodman (NZ), the trust's manager, said in a statement. The partne...

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