Acquisition of Fonterra Centre Now Settled

Acquisition of Fonterra Centre Now Settled

Further to the announcement of 3 November 2014, Goodman (NZ) Limited has confirmed that the purchase of the Fonterra Centre has now settled.

Located in the VXV Precinct on the corner of Halsey and Fanshawe Streets in Auckland City, the newly completed 16,000 sqm office development is being purchased by Wynyard Precinct Holdings Limited, the joint venture between Goodman Property Trust and GIC1, for $93.2 million.

John Dakin, Chief Executive Officer of Goodman (NZ) Limited said, “This is an outstanding property that represents the very best in current building design and function. Leased to a high quality customer on a long term lease, it’s a landmark office facility that is expected to deliver strong investment performance in one of Auckland’s most progressive locations.”

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