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Investors in listed landlord Goodman Property Trust yesterday backed a $275 million capital-raising scheme for institutions and retail investors.
The trust has already raised $229 million and expects to raise the rest before the offer closes on December 14.
It needs to money to increase its stake in Auckland business park Highbrook near Otara.
The deal will make the trust the largest listed property trust in New Zealand with an estimated market capitalisation of $1.3 billion, and will mean its likely inclusion in the NZX 10 index.
