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    GNZ — Goodman New Zealand and Goodman Property Services News Story

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    Brief: Goodman Property Trust Announces Sale Of VXV Office Portfolio To Certain Blackstone Funds

    Picture of Goodman New Zealand and Goodman Property Services logoGoodman New Zealand and Goodman Property Services
    17/05/2018 22:18
    May 18 (Reuters) - Goodman Property Trust  GMT.NZ :
    * ANNOUNCE SALE OF VXV OFFICE PORTFOLIO TO CERTAIN
BLACKSTONE
FUNDS FOR NZ$635 MILLION
    * TRANSACTION IS EXPECTED TO SETTLE IN LATE FY19 AND WILL
ADD
AROUND 2.5 CENTS TO GMT'S PROFORMA NTA
    * SALE IS NOT EXPECTED TO HAVE A MATERIAL IMPACT ON EARNINGS
OR
DISTRIBUTIONS FOR FY19
    * SALE OF VXV PORTFOLIO, OWNED BY JV BETWEEN GMT AND
SINGAPORE'S
GIC, HAS BEEN AGREED TO BY BOTH PARTIES

Source text for Eikon:  urn:newsml:reuters.com:*:nNZW41FyQD
Further company coverage:  GMT.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))

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