GMT receives financier approvals for new fund

07/08/2025 13:35 NZST, GENERAL

Goodman Property Trust ("GMT") is pleased to announce that it has received all financier approvals required from its existing funders for the establishment of the new open ended property fund ("Highbrook Fund") previously announced on 29 May 2025.

The final financier approval was obtained today in respect of the GMT group of companies' bank and bond financiers, including in relation to GMT Bond Issuer Limited's wholesale bonds and its NZD150,000,000 fixed rate senior secured green bonds which are quoted on the NZX Debt Market under the ticker code GMB060.

In relation to the GMB060 bonds, the waivers were granted by Public Trust as supervisor for those bonds on the basis that the supervisor is satisfied that the waivers will not have a material adverse effect on bondholders.

The remaining conditions for investment in the Highbrook Fund are receipt of certain regulatory approvals and finalisation of new financing arrangements.

For additional information please contact:

James Spence

Chief Executive Officer

Goodman Property Services (NZ) Limited

(09) 903 3269

Andy Eakin

Chief Financial Officer

Goodman Property Services (NZ) Limited

(09) 375 6077

About Goodman Property Trust:

GMT is a managed investment scheme, listed on the NZX. It has a market capitalisation of around $3 billion, ranking it in the top 15 of all listed investment entities. The Trust is New Zealand’s leading warehouse and logistics space provider. The Trust holds an investment grade credit rating of BBB from S&P Global Ratings.