Page 36 - GMT and GMT Bond Issuer Annual Report 2017 v2

NOTES TO THE FINANCIAL
1. INVESTMENTPROPERTY(CONTINUED) 1.7 Developments
Valuation 2017 2016
At fair value
Highbrook Business Park, East Tamaki The Gate Industry Park, Penrose
M20 Business Park, Wiri
At cost
Highbrook Business Park, East Tamaki Savill Link, Otahuhu
Glassworks, Christchurch
M20 Business Park, Wiri
The Gate Industry Park, Penrose
Total developments
$ million
Transfers Net in expenditure
Fair value movement
2.2 1.1 -
14.2 2.1 - 0.9 -
20.5
Transfers Valuation out 2017
- 13.0
- 8.3 (21.8) -
-
(148.2)
Valuer
Lettable area sqm
Market WALT
STATEMENTS
- 4.3 6.5
- 1.3 5.9 21.0 - 0.8
29.6 12.6 51.0 7.5 3.0 18.9 - 4.3 1.8 4.4 - 2.4 1.3 - -
63.8 25.5 87.3
Savills 7,500 CBRE 4,930
cap rate
5.75% 5.90%
- - -
Occupancy years
0% - 0% -
57% 4.9 100% 15.0 100% 15.0
continued
For the year ended 31 March 2017
16.8 4.7 6.1 (7.7) - (1.3) -
At cost At cost At cost
15,052 7,410 9,600
44,492
(90.6) (26.8)
48.9
GOODMAN PROPERTY TRUST ANNUAL REPORT 2017 FINANCIAL STATEMENTS
34 NOTES TO THE FINANCIAL STATEMENTS