Goodman targets distressed sellers, eyes $50b of data centres
Industrial property powerhouse Goodman Group will use its strong balance sheet to snap up existing warehouses from highly leveraged owners that have to sell, while it also focuses on realising a $50 billion data centre development opportunity driven by AI.
As part of a first quarter operational update that included Goodman re-affirming its full-year guidance of 9 per cent growth in operating earnings per share, chief executive Greg Goodman said the global asset owner would look to buy opportunistically from those that “need to sell”.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Commercial
Fetching latest articles