Goodman Property Trust has 10 office and industrial projects under way and almost $100 million of work in progress, says John Dakin, the chief executive of Goodman NZ.
"Rising business confidence and a strengthening economy are contributing to a greater level of development activity across all the trust's estates," Dakin says.
"To accommodate this demand we have accelerated our development programme, which includes the construction of a new 5670sq m office building at Central Park in the Auckland Greenlane commercial precinct."
The new building will add to the 38,000sq m of rentable area in Central Park, which is largest of the trust's suburban office parks.
"Strengthening occupier demand and limited new supply has contributed to strong leasing results at the $158 million estate," Dakin says.