Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Goodman Property Trust delivers strong financial results

media release+

Goodman Property Trust delivers strong financial results

Date 7 August 2013
Release Immediate

With a proven development capability and substantial land holdings in Auckland and Christchurch, we heard at NZX-listed Goodman Property Trust’s Unitholder meeting yesterday how it has established itself as one of the country’s leading industrial and business space providers.

Strategic land holdings and an active development programme have added over 500,000 sqm of new space to the Trust’s portfolio since 2004. A large proportion of this activity has been at Highbrook where occupier enquiry remains high.

“We’ve commenced more than $38 million of new projects over the last 15 months and have completed new facilities for Panasonic and Stanley Black and Decker” says John Dakin, Chief Executive Officer.

Some of the most recent demand has come from existing customers who located to Highbrook in the earliest stages of its development and are now initiating expansion options to increase the size of their facilities. These customers include Big Chill, Contract Logistics and Viridian.

Scheduled to complete in just a few weeks’ time, the Crossing is expected to become a focal point for the estate, providing amenity and support services for the surrounding business users.

The Trust has also been successful at Central Park Corporate Centre in Greenlane where the new, $21.4 million, low rise office project has been fully leased ahead of its completion. Leasing commitments from Genesis Energy and Restaurant Brands have ensured this high quality and environmentally efficient building will be 100 percent occupied when it is completed later this month.

The Trust announced at the Meeting a new $9.7 million warehouse for MOVE Logistics, locating to Glassworks Industry Park, Christchurch. The 5,805 sqm purpose built facility means The Trust has committed over 30,000 sqm of new development projects (with a total cost of almost $45.0 million) in the four months since March.

“There is a new momentum in our business and we’re accelerating our development programme to take advantage of it. We are positioned for growth and look forward to the year ahead where we hope to deliver an even stronger financial and operational result.” says Dakin.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Grey Power: Is Disappointed To Learn Of More Bank Closures

Many older people are being left without essential services because of cost cutting and the march of modern technology. It is now expected that most banking transactions can occur via the internet or telephone. Jan Pentecost, President of the Grey Power ... More>>

ALSO:

Economy: Supply Chain On Brink Of Overload Says National Road Carriers

The New Zealand supply chain is on the brink of overload and it looks like the upcoming peak imports season may push it over the edge says National Road Carriers Association (NRC) CEO David Aitken. “Worldwide supply chains are in disarray,” says Mr Aitken. ... More>>

Retail: Supermarkets Announced As Government’s Second Market Study

The Government has today launched a market study to ensure New Zealanders are paying a fair price for groceries. More>>

ALSO:

Statistics New Zealand: Retail Sales Recover In The September 2020 Quarter

Retail sales values recorded the largest September quarter rise since the series began in 1995, Stats NZ said today. Spending on major household items, vehicles, and groceries contributed to the strong 7.4 percent ($1.8 billion) rise in total ... More>>

Kea Aerospace: New Zealand Flies Into The Stratosphere

Development has started on a solar-powered, unmanned aircraft that can fly in the stratosphere continuously for months at a time. The zero-emission aircraft will carry a suite of imagery equipment that will be game-changing for many industries, vastly ... More>>

Stats NZ: Births And Deaths: Year Ended September 2020

Births and deaths releases provide statistics on the number of births and deaths registered in New Zealand, and selected fertility and mortality rates. Key facts For the year ended September 2020: 57,753 live births and 32,670 deaths ... More>>

ALSO:


Forest & Bird: Kākāpō Wins Bird Of The Year 2020

The nation has voted and Aotearoa New Zealand has a new Bird of the Year. New Zealand’s moss-colored flightless parrot has climbed to the top-spot for the second time in Forest & Bird’s annual Te Manu Rongonui o Te Tau/Bird of the Year competition. ... More>>