Goodman Property Trust’s record year

Revaluations added a further $65.9 million to the value of its portfolio, bringing the total net profit after tax to $117.8 million.

It has been an eventful year for the Trust with acquisitions of $190 million, disposals of $82 million and an institutional placement in November 2006 raising $96 million to fund its investment and development programme.

Goodman CEO John Dakin says objectives that had been pursued over the year include: 
· extending development capability to take advantage of continuing occupier demand for purpose built facilities;
· establishing a presence in the key Christchurch market; and
· refining its investment portfolio through active management and a targeted investment and disposal programme.