Goodman confirms sale of Mascot site to Harry Triguboff's Meriton group

Industrial landlord the Goodman Group has confirmed that it has contracted to sell its 31,500 square metre industrial site at Mascot in Sydney to Harry Triguboff's Meriton group for $100 million.

Triguboff plans to build 1,000 apartments on the 19-33 Kent Road site near Sydney airport with the sale earlier mooted by The Australian.

Goodman says the disposal of the site forms part of its active portfolio management strategy.

"Goodman will look to enhance the quality of its portfolio through the increasing trend of urbanisation and property renewal in its key markets," it said in a statement.

Larry Schlesinger

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

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