Chief Executive Officer Succession

Goodman (NZ) Limited, the Manager of Goodman Property Trust (GMT), advises that after 18 years leading Goodman in New Zealand, John Dakin is stepping down as Chief Executive Officer (CEO) at the end of the year. He remains a Goodman executive and will continue on the Board as an Executive Director.

James Spence, Director of Investment Management for GMT, has been appointed CEO, effective from 1 January 2023.

James has more than 16 years of corporate, property and funds management experience in Europe and New Zealand. He has spent the last five years in New Zealand leading the property services team and implementing GMT’s successful business strategy alongside John, the Board and the Goodman executive team.

Keith Smith, Chair and Independent Director said, “John has been an outstanding leader, growing and repositioning the Trust to make it the $4.8 billion business it is today. With an urban logistics portfolio of unrivalled scale and quality, he has established GMT as New Zealand’s leading real estate investment entity.

The Independent Directors have endorsed James’ appointment and are confident that he will continue the strong leadership and vision that differentiates GMT.”

Greg Goodman, Goodman Group’s Global Chief Executive Officer said, “John has created a valuable legacy. His business acumen, inclusive management style and industry leadership, have all been important contributors to GMT’s success over the years. We are pleased he will continue to contribute to Goodman in New Zealand and globally.

James is an excellent appointment with his global and local experience, and it speaks to the depth of talent we have within the executive team at Goodman, that we have appointed from within.”

John Dakin said, “It has been a privilege to lead such a high-performing team and I’m immensely proud of our collective achievements. With an investment strategy focused on the rapidly growing urban logistics market, GMT is a very strong business that is well positioned for sustainable long-term growth.

I’m also proud that my successor is home grown talent from within Goodman. We’ve always recognised and fostered talent in our people, and I’m delighted that James will be the next CEO.”

James Spence said, “Taking on the CEO role is an excellent opportunity and I’m honoured to be leading such a fantastic team. Our investment strategy has generated outstanding results and I look forward to continuing this focus, delivering sustainable property solutions for customers, strong returns for investors, and community support for our wider group of stakeholders.”

For further information please contact:
John Dakin
Chief Executive Officer
Goodman (NZ) Limited
(021) 321 541

James Spence
Director Investment Management
Goodman (NZ) Limited
(021) 538 934

Keith Smith
Chair and Independent Director
Goodman (NZ) Limited
(021) 920 659

About Goodman Property Trust:
GMT is an externally managed unit trust, listed on the NZX. It has a market capitalisation of around $2.9 billion, ranking it in the top 20 of all listed investment vehicles. The Trust is New Zealand’s leading warehouse and logistics space provider. It has a substantial property portfolio, with a value of $4.8 billion at 31 March 2022. The Trust also holds an investment grade credit rating of BBB from S&P Global Ratings.

The Manager of the Trust is Goodman (NZ) Limited, a subsidiary of the ASX listed Goodman Group. Goodman Group is a A$68.7 billion specialist global manager of warehouse and logistics real estate

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