Tuesday, 01 September 2020
Goodman European Partnership announces a €100 million distribution to its Unitholders.
Following the sale of 26 logistics properties reported in July, the Goodman European Partnership (GEP) announces a further €100 million distribution to Unitholders from these sales proceeds. This distribution increases the total returned to Unitholders to €300 million. In addition, GEP applied €126 million to repay bank debt and bonds. The remaining net proceeds from the sale will continue to enable GEP to pursue its investment strategy.