The company's net profit is down from $319.5m to $261m.

The trust has seen a 64.7 per cent increase in annual net profit.

The biggest sale of the year so far was for an eyewatering $635 million.

Goodman has pivoted to focus on the industrial market.

The block includes the offices of a number of major firms.

Goodman Property Trust lifted annual earnings 4.2% as the country's second-biggest listed property investor benefited from cheaper interest costs.

Dairy giant plans to move into new 1.6ha international headquarters early next year.

New Zealand shares rose yesterday, heading back towards a record high after a two-day slide.

Goodman Property Trust's decision to sell a 49 per cent interest in its Auckland Viaduct properties has made a large number of unit holders very, very angry.

Two of New Zealand’s biggest commercial and industrial landlords have this morning reported half-year results down on last year.

Professional investors have questioned the value to Goodman Property Trust of Singapore's Government Investment Corporation's acquisition of a 49 per cent stake in Auckland's Viaduct Quarter.

Singapore's sovereign wealth fund has bought a half stake in some of Auckland's newest commercial buildings in the Viaduct Quarter.

NZ shares rose yesterday, led by Goodman Property Trust, after the property investor said full-year net profit rose 72 per cent. Trade Me and Xero paced the gains while Ryman Healthcare fell ahead of reporting earnings today.