Goodman sells Vector Centre for $20.3m
Mon, 09 Jul 2012 11:35a.m.
Goodman Property Trust has sold the Vector Centre in Newmarket, Auckland, for $20.35 million to a private investor.
The unconditional sale of the refurbished office building is expected to settle later this month.
"We have continued to take advantage of a strengthening investment market to recycle capital into more growth oriented opportunities," said John Dakin, the chief executive of the trust's manager.
He said the proceeds of this sale, and the earlier announced disposal of 120 Pavilion Drive, Mangere, for $8.1 million would be reinvested into the trust's value-adding development programme.
Last month, Goodman announced it would start building a $21.4 million office building at its Central Park corporate centre in Greenlane.
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