Macquarie Goodman Property Trust (MGP) and Macquarie Goodman Industrial Trust (MGI) have conditionally agreed to buy an office and industrial park in Auckland for $72 million.
Thursday, May 6th 2004, 10:06PM
by The Landlord
The pair are buying the "Fletcher Site" in Penrose from a subsidiary of Trans Tasman Properties Limited.
The property has a site area of 8.1 hectares with five office buildings and 18 warehouse/industrial buildings.
Fletcher Building has five years remaining on a lease for the property.
According to MGP the site's annual net rental is $6.5 million, with market reviews every three years, delivering a yield of 9 per cent.
