Goodman Property Trust, New Zealand's biggest listed property investor by market value, is planning two developments at Christchurch's Glassworks Industry Park for a combined cost of some $NZ20.7 million ($A18.39 million).

The developments are a pre-committed warehouse and distribution facility for logistics operator DHL and a multi-unit development with tyre maker Bridgestone NZ as an anchor tenant, the property trust’s manager, Goodman (NZ), said in a statement on Wednesday. The project will add 12,147 spare metres to its investment portfolio. “These…