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. READ MORE:* Goodman Property Trust's industrial portfolio leaps more than $500m in a year to $3.8b* Goodman Property Trust profits surge to $224 million on the back of rising industrial property values* Auckland industrial property a gold mine for Kiwi company Goodman Property TrustThe pandemic had highlighted the important role that warehouse and logistics property had in the national supply chain. SUPPLIED Goodman Property Trust is to extensively develop its Favona Road estate in Mangere, pictured. The trust’s development programme was aiming for a five-star Green Star rating on all new developments and would offset the embodied carbon within the new projects.

Source: Stuff May 12, 2021 21:12 UTC