The Goodman Property Trust’s manager, Goodman (NZ) Ltd, said in its release of the trust’s annual result this week that its decision to focus exclusively on the Auckland industrial market was producing record returns for investors and quality property solutions for its customers.
Sydney-based Goodman Group and the Canada Pension Plan Investment Board (CPPIB) have lifted their investment in their Chinese logistics property partnership by 54% and given them the capacity to double the portfolio to 5 million m².
ASX-listed industrial property specialist Goodman Group lifted its operating profit for the June year by 9% to $A845.9 million, and lifted operating earnings/share by 8.3% to A46.7c.
Chinese state-owned developer Greenland Group & Golden Horse Group of Hong Kong turned the first sod on Thursday for a 6.9ha 1400-apartment joint-venture project at Erskineville in Sydney’s inner-west, on a former industrial site which Goodman Group sold to Golden Horse in 2014.
ASX-listed Goodman Group, which manages the Goodman Property Trust in New Zealand, has established a $US700 million ($NZ1 billion) Brazilian logistics partnership to invest in Sao Paulo & Rio de Janeiro.
The joint venture between the NZX-listed Goodman Property Trust & Singapore sovereign wealth fund GIC Pte Ltd has settled its $62.3 million purchase of Bayleys House in the Wynyard Quarter.