Goodman Property Trust settles new Highbrook Fund

Goodman Property Trust (GMT) has confirmed the settlement of its new Highbrook Fund, following previous announcements. This move aligns with GMT's strategic objective of establishing a complementary property funds management business.

James Spence, chief executive officer, expressed delight at settling this inaugural fund. GMT, a managed investment scheme listed on the NZX, boasts a market capitalisation of around $3.3 billion, positioning it among the top 15 listed investment entities.

With a substantial portfolio of $4.7 billion under management, GMT’s extensive warehouse and logistics properties serve over 200 customers, providing crucial supply chain infrastructure. The company maintains an investment grade credit rating of BBB from S&P Global Ratings.