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Overview
Goodman is a global integrated commercial and industrial property group that owns, develops, and manages logistics and industrial real estate located close to major consumer markets. Its portfolio spans distribution centres, warehouses, light and multi-storey industrial estates, business parks, and data centres, providing infrastructure that supports e-commerce and the digital economy. The group operates in 14 countries across the Asia Pacific, Europe, the United Kingdom, and the Americas, managing hundreds of properties with roughly $73 billion in assets under management. What sets Goodman apart is this integrated model, combining ownership, in-house development, and management of high-quality, sustainable sites in supply-constrained urban locations. The goal is to provide essential industrial and logistics space near consumers while creating long-term value for its customers and investment partners.
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Simplify's Take
What believers are saying
- FY26 operating profit rose 15.7% to A$2.675 billion on August 19, 2026.
- Data centers reached 78% of A$19.7 billion WIP, signaling management conviction.
- Hong Kong raised US$455 million on September 16 for HKG10 fit-out.
What critics are saying
- Trappes still needs power connection and permits; any delay freezes the 300MW campus.
- Sydney Water asked Planning NSW to defer Project Mars until late-2026 servicing studies.
- Goodman has 2.4GW of secured power unbuilt; grid bottlenecks can strand capital.
What makes Goodman unique
- Goodman controls 6.4GW power bank across 16 cities, unmatched for logistics landlords.
- It reuses existing warehouses, like HKG10 in Tsuen Wan, cutting demolition emissions.
- Long customer leases, including Tokyo's 20-year hyperscale deal, reduce vacancy risk.
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Company News
In Trappes, the Stellantis brownfield could host a mega data center. On the former Stellantis industrial site in Trappes, the Australian group Goodman is considering building a data center dedicated to cloud and artificial intelligence. Still at the study stage, the project, which will require a significant power supply, is raising fears among environmental associations. Published on September 18, 2026 at 3:40 p.m. Updated on September 18, 2026 at 5:51 p.m. Reserved for our subscribers It would be one of the largest data centers in Île-de-France... The Australian group Goodman wants to set up, in the Trappes-Elancourt business park (Yvelines), a vast hub dedicated to data storage and artificial intelligence infrastructure. The project would occupy more than 15 hectares that previously housed the Stellantis and Iveco facilities. After the closure of the automotive site was announced in 2021, these plots were bought by the Yvelines department and the Etablissement public foncier d'Île-de-France (Epfif), to prepare for their redevelopment. It was following a consultation conducted by the department that Goodman France was selected. The local authority sold it the land for a fixed price of 42 million euros. This amount could be topped up in the coming years if several conditions are met, in particular obtaining administrative authorizations and the electrical connection essential for the operation of the future facility. "The Trappes project arose from collaborative work with the city of Trappes, the Saint-Quentin-en-Yvelines agglomeration community, Epfif and the Yvelines department. It aims to transform the fully urbanized industrial brownfield, without consuming any natural or agricultural land," says Goodman's management. This content is reserved for La Sélection and Premium subscribers Want to read the rest? Unlock this article with La Sélection, the ideal offer for busy but demanding readers!
Goodman raises $455m for its Hong Kong data center partnership. Will fund construction of Hong Kong data center, due to open in 2028 September 16, 2026 Goodman Group has raised $455 million for its Hong Kong Data Centre Partnership (GHKDCP). Proceeds from the equity raise will predominantly fund the mechanical and electrical fit-out of Goodman HKG10, GHKDC's data center in Tsuen Wan, which will be operated by Goodman. HKG10 will be located in an existing Goodman warehouse, with first capacity ready for service in early 2028. Paul McGarry, Goodman's Head of Asia, said: "This equity raise is a clear endorsement of the strategy we set out when we launched the $2.7 billion investment partnership just over a year ago. "The continued support of existing investors, alongside contributions from new investors, reflects confidence in the quality of the portfolio, the depth of customer demand and the opportunity for well-located data center capacity in Hong Kong. It positions the partnership to continue delivering the scale, reliability and quality our customers require." GHKDCP launched in July 2025, with Goodman as the anchor investor, taking a 20 percent stake. The rest of the cash was provided by institutional and sovereign wealth partners, including PGGM, APG, Canada Pension Plan Investment Board, CBRE Investment Management's Indirect Private Real Estate Strategies, and an unnamed Middle Eastern investor. Its portfolio will eventually comprise six assets providing 180MW of IT capacity. McGarry said: "Goodman HKG10 is a long-term investment in Hong Kong's digital future. By revitalizing an existing building, we are reducing the project's environmental impact and making responsible use of Hong Kong's limited land. Retaining the building's existing structure avoids emissions associated with demolition and reduces the need for new carbon-intensive structural materials such as concrete and steel, while adding critical infrastructure that underpins Hong Kong's position as a leading technology hub in Asia." Australian developer Goodman has more than 500MW of stabilized data center capacity in its Asia platform, spread across the supply-limited markets of Hong Kong and Japan, with another 150MW under active construction. Globally, the company's power bank stood at 6.4GW as of 30 June 2026, including 3.6 GW of secured power.
Goodman Group gets green light for 135MW data center in northern Sydney, Australia. Project first announced in 2024 September 07, 2026 Australia's Goodman Group has been granted planning permission for a data center in northern Sydney, New South Wales (NSW). The 135MW data center, dubbed Project Apollo, will cost some AU$1.4 billion ($1bn), and has been given the green light by the NSW Department of Planning, Housing, and Infrastructure following a meeting last week. Goodman first filed for permission to develop the site at 4-10 Talavera Road, Macquarie Park, in 2024. The project will see two existing buildings on the plot demolished to make way for a development with eight data halls. The data center will feature evaporative cooling towers and be powered by grid energy, with backup diesel generators and lithium-ion battery systems being installed on site. It is expected that the data center will create up to 60 permanent jobs once up and running. Traditionally focused on logistics and industrial real estate, Goodman has data center projects in operation or development across Hong Kong, Australia, Germany, the US, France, and Japan. The company recently topped out a data center in Los Angeles, California. The 32MW facility is set to be handed over next year. It has also announced plans for a 97MW data center in San Jose. Goodman is developing multiple data centers across Sydney. The company is planning a 126MW facility in Guildford West on a former Castrol site and is seeking to redevelop the former ABC television studios in the city's North Shore area into an 80MW data center. It is also redeveloping a former Eaton warehouse site in Mascot into a 90MW facility, and a warehouse site in Cove West into a 90MW campus. Elsewhere in Australia, it intends to construct an AU$1.1 billion ($756m) data center in Melbourne. DCD interviewed Goodman Group founder and CEO Greg Goodman in issue 51 of DCD>Magazine. Register here to read the magazine free of charge. More in australasia.
Goodman Group (GMGSF) gets a Buy from Jefferies. Aug. 23, 2026, 06:26 AM Jefferies analyst Andrew Dodds maintained a Buy rating on Goodman Group on August 21 and set a price target of A$35.26. The company's shares closed last Thursday at A$27.27. * Unlock powerful investing tools with TipRanks Premium to make smarter, more confident investment decisions * Subscribe to TipRanks Smart Investor Newsletter, and discover new investing opportunities with data-backed stock picks Dodds covers the Real Estate sector, focusing on stocks such as Charter Hall Group, Arena REIT, and Vicinity Centres. According to TipRanks, Dodds has an average return of -8.6% and a 26.09% success rate on recommended stocks. Currently, the analyst consensus on Goodman Group is a Strong Buy with an average price target of A$35.05, a 28.52% upside from current levels. In a report released on August 20, Citi also maintained a Buy rating on the stock with a A$40.00 price target. Based on Goodman Group's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of A$1.51 billion and a net profit of A$1.95 billion. In comparison, last year the company earned a revenue of A$255.9 million and had a net profit of A$866.6 million Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GMGSF in relation to earlier this year. Read More on GMGSF:
ASX adds 0.3% as miners, tech lead gains. The Australian sharemarket finished Thursday's session slightly higher as investors digested a busy round of local earnings results, while sentiment improved after the United States Treasury announced plans to increase bond buybacks to ease pressure from elevated borrowing costs. The S&P/ASX 200 Index gained 30.0 points, or 0.3%, to 9,083.8, with six of the 11 sectors ending lower. The Materials sector led gains, with major miners mixed. BHP rose 3.2%, and Rio Tinto added 1.8%, while Fortescue fell 0.6% after reporting a 15% decline in full-year net profit after tax to US$2.87 billion (A$4.03 billion) for the year ended 30 June, 2026. Gold miners rallied after spot gold surged 4.3% overnight. Northern Star Resources gained 6.2%, Evolution Mining jumped 10.2%, and Newmont rose 6.9%. The Information Technology sector also advanced, with Xero gaining 2.4%, WiseTech Global rising 9.1% and Life360 adding 0.9%. Codan jumped 12.4% after reporting net profit after tax of A$175.2 million for the year ended June 30, up 69% from a year earlier. Join its community of decision-makers. No card required Zip surged 18.2%, leading gains on the index, after the fintech company reported net profit after tax of $116.38 million, up 46% year-on-year. The Financial sector ended lower, with Commonwealth Bank falling 2.7%, National Australia Bank losing 1.3%, Westpac declining 1.8% and ANZ dropping 1.6%. Among individual movers, Goodman Group fell 1.5% despite reporting a 15.7% increase in full-year operating profit to $2.67 billion. Super Retail Group surged 15.1% despite reporting net profit after tax of $206 million, down 7.2% from a year earlier. On the data front, Australia's unemployment rate unexpectedly rose to 4.5% in July, above expectations for the rate to remain at 4.4%. Employment fell by 15,800, driven by a sharp decline in part-time employment, while unemployment increased by 4,200. On the bond markets, 10-year and two-year yields fell 0.7% and 1.6% to 4.981% and 4.558%, respectively. Featured listings
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Goodman is Hiring for 11 Jobs on Simplify!
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