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Goodman closes in on Westfield

If Greg Goodman is right about the online shopping boom, his company, now worth $26 billion, could soon be Australia's most valuable property company of all time, surpassing even Westfield.

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Greg Goodman, the founder and CEO of the country's largest property company, is confident the relentless increase in online shopping as a percentage of total retail sales will continue to drive the long-term expansion in Goodman Group.

If he is proven correct , Goodman Group will, within a few years, exceed the value of Australia's most valuable property company of all time, Westfield. It was worth $33 billion when taken over in 2018 by Unibail-Rodamco.

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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com

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    Original URL: https://www.afr.com/chanticleer/goodman-closes-in-on-westfield-20191112-p539xy