New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

Goodman Property Trust / Equity Bottom-Up

<ul><li>Goodman Property Trust (GMT) has announced it has secured two new development commitments being 1) a 23,300sqm twin warehouse facility for Mainfreight at Savill Link and 2) a 17,300sqm warehouse for Cotton On at Roma Rd</li><li>GMT will also build two smaller sheds at Roma Rd without a tenant commitment to meet expected future demand</li><li>These new builds lift development commitments by NZ$221m to NZ$647m which will result in 149,000sqm of new space added to the portfolio with at yield on cost of c.4.9%</li></ul>

Goodman Property Trust (GMT) has announced it has secured two new development commitments being 1) a 23,300sqm twin warehouse facility for Mainfreight at Savill Link and 2) a 17,300sqm warehouse for Cotton On at Roma RdGMT will also build two smaller sheds at Roma Rd without a tenant commitment to meet expected future demandThese new builds lift development commitments by NZ$221m to NZ$647m which will result in 149,000sqm of new space added to the portfolio with at yield on cost of c.4.9%

Goodman Property Trust: Topping up the Development Pipeline, but Does It Add Value?