Friday 27th October 2017 |
Text too small? |
Goodman (NZ), the manager of Goodman Property Trust, says the fire-damaged Humes warehouse in Penrose, Auckland, was fully insured and wasn't a meaningful part of its portfolio.
Thirteen fire crews responded to the fire overnight at one of the Auckland distribution centres for Fletcher Building's Humes Pipeline Services and rail services were diverted between Otahuhu and Britomart because of the risk of the building collapsing over the rail lines. The cause of the fire hasn't yet been established.
"The small warehouse building is fully insured and we are now working with Humes to minimise the interruption to its business operations," Goodman chief executive John Dakin said in a statement. The warehouse represents less than 0.1 percent of the trust's property portfolio, he said.
Fletcher shares rose 0.3 percent to $7.48 and Goodman was unchanged at $1.32.
"Humes is today assessing the damage from last night's fire at an Auckland Humes sales centre in Penrose, and is working to minimise disruption to customers by using nearby Auckland sales centres," Humes general manager Becky Lloyd said in a separate statement.
(BusinessDesk)
No comments yet
NZAS Sign Long Term Contracts
Amended - IFT230 Maturity and Exchange for IFT350
Synlait forecast milk price update
Chorus submits 2023 fibre regulatory report
Infratil Infrastructure Bond Exchange Offer opens
May 31st Morning Report
NZAS and Mercury sign long-term agreement, creating opportunity for future investment in renewables
Meridian and NZAS sign long term contracts
ArborGen Holdings Results for Year Ended 31 March 2024
BAI - Full unaudited results to 31 March 2024