9 Aug 2009

Further sale by industrial property investor

11:05 am on 9 August 2009

Goodman Property Trust has sold Pernod Ricard NZ House in the viaduct precinct in Auckland.

The sale price, $27.2 million, is a 3% discount to the building's March valuation.

The sale is part of an ongoing effort by the industrial property investor to sell non-core assets - it has now sold $77.2 million worth of properties since March last year.

Goodman says the proceeds will be used to repay debt and fund development opportunities.