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Net profit for the year ended March rose 141 percent to $631.7 million, bolstered by a significant revaluation gain on the property investment firm's portfolio.

SUPPLIED John Dakin, chief executive of Goodman NZ which manages thee Goodman Property Trust, says e-commerce is driving more demand for distribution facilities like warehousing. Giant industrial landlord Goodman Property Trust has delivered a record profit of $648.9 million before tax on the back of a big jump in the value of its property portfolio despite the year of Covid-19. The company’s profit for the year to March 31, 2021 more than doubled. The 128 per cent jump in profit was driven by property valuation gains of $560m. Profit after tax was $631.7m, a 141 per cent gain on the prev...

A commercial property for lease in Auckland in 2020. File photo Photo: RNZ / Dan Cook Commercial real estate company Colliers said industrial property, large format standalone retail, prime regional shopping centres and flagship office buildings continued to be in high demand. The strong demand was already reflected in the value of some of New Zealand's largest property companies. The Goodman Property Trust has just reported a second half gain of about $415 million or 12.5 percent in the value of its portfolio, on top of the $140m gain in the first half. Goodman chief executive John Dakin sa...

Goodman Property Trust's portfolio of industrial properties has soared to $3.8 billion in a year.

Leading questions: Goodman Property Trust John Dakin on the supply chain 29 Dec, 2020 11:00 PM 4 minutes to read Goodman's John Dakin. Photo / Supplied Forget trying to make any predictions about 2021 after this topsy-turvy last year, says John Dakin who heads New Zealand's largest listed industrial landlord, Goodman Property Trust. Customer concerns about getting goods to this country do concern him, though. How would you describe 2020 for your business? Start, stop, start, stop, start – Christmas! The year has gone incredibly quickly. I would describe it as a mixture of exciting,...