Notable $72 million was made by Goodman Group from the partial sale of its interest in New Zealand, listed Goodman Property Trust (GMT or Trust).

The group sold 93 million units to several numbers of institutional investors at NZ$0.95 per unit. It was after the strong investor demand that the units were placed with a number of leading institutions.

With the sale, the interest of Goodman in the Trust is reduced to 17% from 28%.

It was revealed by Goodman chief executive officer, Greg Goodman that the Group's remaining 17 per cent holding was "a long-term investment position".

He continued that the position is in line with their strategy of targeting 15-20 per cent for investments in the Group's funds.

Mr. Goodman said: "GMT is one of New Zealand's leading listed vehicles and the Group confirms its long-term commitment to this market."