Goodman Property Trust
Case number(s)
Decision date
DecisionConsent granted
Section 13(1)(c) Overseas Investment Act 2005
Decision makerToitū Te Whenua Land Information New Zealand
Decision date1 February 2024
Pathway(s)Significant business assets only
InvestmentThe internalisation of the management of Goodman Property Trust.
ApplicantGoodman Property Trust
New Zealand 44%
Australia 22%
United States of America 13%
China 4%
Europe 3%
Japan 5%
Various 9%
VendorGoodman Group
Australia 46%
United States of America 18%
China 10%
Europe 9%
United Kingdom 6%
Japan 2%
New Zealand 2%
Singapore 1%
Various 6%

Goodman Property Trust is an NZX-listed unit trust investing in Auckland industrial property.

The unitholders wish to ‘internalise’ the management of Goodman Property Trust. The transaction is intended to structurally replicate an NZX listed unit trust structure from a control perspective.

Consent was granted as the Applicant met the investor test criterion

More informationLance Jones
Russell McVeagh (Auckland)
PO Box 8
Auckland 1140