August
- Updated
- Earnings season
Goodman sets out its transformation from warehouses to data centres
Chief executive Greg Goodman says demand for data processing and storage is “next level” as he maps out the next five years for the landlord.
- Updated
- Larry Schlesinger
May
- Opinion
- Chanticleer
How Goodman Group’s data centre dream could be super-sized
The next generation of data centres will require even more land. That’s something Greg Goodman says his group can provide.
- James Thomson
Goodman warns on China as data centre push gathers speed
Occupancy across Goodman’s China portfolio was 93 per cent over the March quarter, compared with 98 per cent across its overall portfolio.
- Larry Schlesinger
Rest Super, Barings snaffle $780m Goodman industrial portfolio
The Australian super fund and US investment manager have acquired 12 properties in Sydney and Melbourne, leased to the likes of Amazon and Metcash.
- Larry Schlesinger
February
$80b data centre opportunity lifts Goodman to new high
While the industrial powerhouse swung to a statutory loss after asset values fell 4 per cent, it upgraded both earnings guidance and its data centre pipeline.
- Larry Schlesinger
November 2023
Goodman targets distressed sellers, eyes $50b of data centres
Chief executive Greg Goodman says the industrial property group is poised to buy sites from those that must sell, while its data centre opportunity is now about $50 billion.
- Larry Schlesinger
August 2023
AI drives $30b data centre opportunity at Goodman
Significant growth in data storage, and AI in particular, means data centres now account for almost a third of all the company’s development projects.
- Larry Schlesinger
May 2023
The ChatGPT effect: Growth of AI helps Goodman lift guidance
Nearly a third of the $14 billion of projects being undertaken by Goodman around the world involve the development of data centres.
- Larry Schlesinger
February 2023
‘High demand’: Goodman upgrades guidance as assets hit $80b
Greg Goodman says rental growth is the strongest he has seen in the industrial sector in 35 years as vacancy rates sit at near zero globally.
- Larry Schlesinger
November 2022
Industrial land, secondary asset values to crash: Greg Goodman
Goodman Group CEO Greg Goodman says he expects industrial land values to fall back to pre-pandemic levels, after developers paid “stupid” prices for them.
- Larry Schlesinger
August 2022
- Opinion
- Chanticleer
Goodman must jump higher earnings hurdles
After persistent pressure from proxy advisers and shareholders, Goodman Group is implementing tougher earnings hurdles for its CEO and management.
- Tony Boyd
‘No vacancies’: Goodman beats guidance as rents surge
Chief executive Greg Goodman says rental growth is outpacing rising construction costs in its projects around the world.
- Larry Schlesinger
June 2022
Goodman offloads Melbourne portfolio on sub-4 per cent yield
The three new warehouses in Truganina, in Melbourne’s west, sold fully leased to Singapore’s Frasers for $61 million.
- Larry Schlesinger
February 2022
Rental ‘squeeze is on’ as Goodman soars higher on ecommerce boom
Greg Goodman says rents are rising 15 to 20 per cent in places such as Los Angeles and Sydney due to a lack of supply to meet rising demand driven by ecommerce.
- Larry Schlesinger
December 2021
Goodman and Lendlease ‘uniquely placed’ to lead on sustainability
Goodman will apply what it has learnt from its leading sustainable projects in Europe to Australia, Asia and the US as looks to drive action on climate change.
- Larry Schlesinger
November 2021
- Exclusive
- Executive pay
Revealed: Australia’s 50 highest-paid CEOs
The annual chief executive pay survey shows a drastic jump in average remuneration of 24 per cent and annual bonuses soaring by 67 per cent.
- Updated
- Patrick Durkin
Meet wage slave Greg Goodman
Goodman chairman Stephen Johns would have us believe this is very complicated. It is not.
- Joe Aston
Goodman assets head for $70b as online boom supercharges earnings
Goodman upgraded full-year earnings growth to 15 per cent from 10 per cent forecast in August on the back of high occupancy rates and strong rental growth.
- Larry Schlesinger
August 2021
Industrial boom ‘has a long way to go’, says Greg Goodman
“We see a big pile of demand coming through for big boxes and automated sheds,” said Greg Goodman as Goodman Group beat earnings guidance and ramped up development.
- Larry Schlesinger
July 2021
- Exclusive
- Industrial
Goodman to turn Castrol HQ into last-mile logistics hub
The acquisition of Castrol’s Smithfield site will give Goodman the platform to develop a prime hub just 31 kilometres from the Sydney CBD.
- Larry Schlesinger