GGoodman 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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Digital Realty and Goodman Group line up AU$715m bid for stake in Australia's NextDC. Aussie operator's ailing finances could be boosted by rivals November 04, 2026 Goodman Group and Digital Realty have offered AU$715 million (US$499.7m) for a 9.9 percent stake in beleaguered Australian data center operator NextDC. The two companies have joined forces to make the offer, which was revealed via a term sheet submitted to the Australian Stock Exchange after trading finished on Wednesday, as reported by Reuters and others. ASX-listed NextDC's share price has fallen sharply by as much as 45 percent in recent weeks. In October, it revealed it had been forced to defer AU$140 million (US$97.9m) of customer revenue because of delays to electricity network upgrade work at a data center in Melbourne. The M3 facility in West Footscray had been due to be expanded, but the installation of high electricity poles, which would have enabled more power to flow to the facility, has been delayed until the 2027/28 financial year after community protests. Local councilors have yet to give the go-ahead for the upgrade, which would see the size of the power poles in the area double from 11 to 22 meters (72 feet). Electricity provider Jemena is also investigating safety concerns that have been raised about the upgrade. NextDC opened M3 in 2022, and the expansion would see capacity at the site grow from 60MW to 225MW. After the news of the delay was revealed, the company said it would be pausing new development projects and land acquisitions across its portfolio for the foreseeable future. The company has 20 data centers in operation or development across Australia. It also has sites in planning or under evaluation in Japan, Thailand, Malaysia, and Singapore. It raised AU$500 million (US$347m) in debt financing in July. Australia-based Goodman Group, which develops data centers and commercial property, and US data center firm Digital Realty have offered AU$9.50 (US$6.65) per share for a piece of NextDC, a 45.5 percent premium to NextDC's valuation when trading ceased on Wednesday. According to the term sheet, the companies will not make a full takeover bid or seek a controlling stake in NextDC, but this could change in the future. JP Morgan is leading the offer. DCD has contacted NextDC, Goodman Group, and Digital Realty for comment. More in australasia.
Goodman (ASX:GMG) share price in focus as portfolio reaches $90 billion. The Goodman Group (ASX:GMG) share price is in focus after the business reported its FY27 first quarter update. * Jaz Harrison * Published November 4, 2026, 09:11 am The Goodman Group (ASX: GMG) share price is in focus after the business reported its FY27 first quarter update. Goodman is one of the largest property businesses in Australia. Its core focus is industrial properties, such as warehouse buildings and data centres. FY27 first quarter update. Goodman reported that its total property portfolio is now worth $90 billion, up from $89 billion at 30 June 2026. Partnership assets under management (AUM) is $76.1 billion. A key driver of the underlying value of the business is its development work, adding completed properties to its portfolio. Development. Goodman said that its development program remains on track, supported by strong demand, particularly for next-generation warehouses (advanced automation, robotics and electrification). Additionally, hyperscale and enterprise customers are driving demand for data centre capacity. The property business noted that the barriers to entry are increasing, with scarcity of sites, power and infrastructure, greater planning complexity and delivery timeframes are constraining future supply. Those constraints are expected to increase rental growth and the value of existing assets, particularly in locations where zoning and power are in place. It noted that its properties are currently being utilised for logistics operations and valued at that level. Its development work in progress (WIP) has now reached $19.7 billion across the world, with 51 projects. The annualised production rate is approximately $7.5 billion and the yield on cost is an impressive 8.3%. Data centres represent 79% of that WIP. In regards to data centres, said its total power bank is now 6.6GW, with 3.6GW of secured power and 0.5GW of work in progress and 0.7GW delivered. Rental performance. Goodman reported its property highlights at 30 September 2026, with annual like-for-like (LFL) net property income (NPI) growth of 4% (or 6.2% growth excluding Greater China). Portfolio occupancy was 95.5% (or 96.7% excluding Greater China). The portfolio weighted average lease expiry (WALE) was 4.9 years, which isn't the longest in the sector, but still reflects a solid level of rental growth locked in. Goodman also reported that it has leased 4.1 million square metres across the platform over the 12-month period to 30 September 2026, representing $602 million of rental income per year. Outlook for the Goodman share price. Goodman expects growing demand and constrained supply to continue to support rental growth. It's targeting FY27 operating earnings per security (EPS) growth of 9%. I think Goodman is doing an impressive job of executing on its plans, though the outlook for data centres looks a bit more uncertain than it did earlier this year. It could be undervalued after falling 16% since mid-June 2026 while still seeing strong growth of both its developments and rental performance. Higher interest rates are a headwind, and it could turn into a tailwind for the company in the medium-term. But, there are other ASX growth shares that I'd rather look at. How rich are you? Over 5,694 Australian investors have already used the Rask Wealth Checker to know exactly where they stand. Analyse your Superannuation, property, shares or ETFs, crypto, your income - and more! - in seconds with its free wealth tool that has now checked assets totalling $16,790,107,141! It takes just 30 seconds and Rask Media'll turn your finances into great visualisations to help you summarise how your net wealth or income breaks down. You can instantly access its free wealth tool by clicking here now. No gimmicks. No credit cards. No payment. Rask Media'll analyse your net worth and email you the wealth summary. Jaz Harrison. Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments. At the time of publishing, Jaz does not have a financial or commercial interest in any of the companies mentioned. Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don't know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read its Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #563 907. A $50,000 per year passive income special report Join more 50,000 Australian investors who read its weekly investing newsletter and Rask Media'll send you its passive income investing report right now.
Why I would buy and hold these top ASX growth shares. Let's see why these shares could be great long-term picks. Published October 29, 11:02 am AEDT I think the Australian share market is home to some outstanding ASX growth shares, and several still have plenty of opportunities ahead of them despite their success to date. Three in particular stand out to me as businesses that I would be happy to own for many years. Here's why I believe they could be excellent long-term investments. Goodman group (ASX: GMG). Goodman is increasingly a way to invest in the shortage of suitable data centre sites, not just demand for warehouses. Building a data centre requires more than land. Operators need large, reliable electricity connections in locations close to their customers, and securing those connections can take years. Goodman has spent years assembling sites with access to power in major cities. At the end of June, data centres represented 78% of its $19.7 billion development work in progress. That's a substantial amount of work capable of generating development earnings as projects are completed, alongside future property investment and management income. I like that this opportunity is already visible in its financial results. Thanks partly to a growing contribution from data centre developments, FY 2026 operating profit rose 15.7%. Looking ahead, Goodman is targeting 9% operating earnings per share growth in FY 2027. Life360 inc (ASX: 360). Life360's family safety app has an enormous audience. In the June quarter, monthly active users rose 16% to 102.4 million. The good news is that its paying customer base is growing even faster. It revealed that paying family groups increased 27% to 3.2 million, while average revenue per paying group also rose 5%. This helped subscription revenue jump 31% during the quarter. I believe there is plenty more growth to come as Life360 encourages more families to take out paid subscriptions for additional safety features. With more than 100 million people already using its app each month, I think the company has an enormous opportunity to grow its subscription business and become significantly more profitable over the next five years. Pro Medicus ltd (ASX: PME). Pro Medicus is another ASX growth share I'd happily hold for years. Its Visage software helps doctors view and analyse medical scans, and hospitals are increasingly choosing it to replace older systems. What encourages me is the evidence that customers want to stay. In FY 2026, Pro Medicus signed 10 new contracts worth at least $407 million and renewed all six agreements due for renewal, worth another $141 million. Its underlying EBIT margin reached 74.9%, demonstrating how successfully additional software revenue can translate into profit. And with opportunities in cardiology, digital pathology and artificial intelligence (AI), I don't think its growth story is close to finished. Its shares are expensive, but I believe its contract momentum and exceptional profitability make Pro Medicus an excellent candidate for a long-term investment.
SBCo onboards newly launched TRIBECA LOYAL. 28 October 2026 4:36 AM Independent communications agency, SBCo, has been appointed to lead communications for businessman and philanthropist, Anthony Bell OAM, and his supermaxi, TRIBECA LOYAL. Led by Founder and Managing Director, Sally Burleigh, the agency will oversee strategic communications and media engagement in the lead-up to and during Anthony's return to the Sydney to Hobart race on Boxing Day. Sally previously worked with Anthony and "team LOYAL" in 2011, marking a return to the race for the communications executive. She said: "Having worked with Anthony (Bell OAM) and his 'super-sailors' and equally impressive professional sailing crew, the SBCo team understand the demands of this campaign and the opportunity to tell its story across sailing, business, sport, and philanthropy pillars. I'm delighted SBCo is back on board for 2026." Telum media creating connections. Book a demo You might also enjoy. Sophie Hull has joined infrastructure company, Goodman Group, as Group General Manager Corporate Affairs. She was at GRACosway for three years, most recently as Director. Sophie's comms experience includes in-house roles within the NSW Government and the infrastructure sector for projects like WestConnex and Western Sydney Airport, and a secondment to Inland Rail (from GRACosway). This follows a career in broadcast journalism at Seven and the BBC. 27 October 2026 10:41 PM Yi Shi Ho has been elevated to General Manager at AKA Asia, where she leads operational performance, capability expansion and commercial growth. She coordinates work across the agency's three hubs: integrated creative, social and content, and earned communications and influence. She also serves as senior strategic counsel for key public and private sector accounts. Yi Shi brings more than 15 years of agency experience from Edelman, The Secret Little Agency and MSL. 27 October 2026 5:36 AM XPENG ANZ has welcomed Scott Collie to the team as Head of PR and Communications. He finished his time at Polestar, where he was Product Communications Manager for two years. Prior to this, Scott was at CarExpert.com.au, following a career in journalism. 26 October 2026 11:15 PM
Waste heat from Goodman data center in Frankfurt, Germany, to power district heating system. Firm will recover and supply 50MW to warm buildings and a swimming pool October 08, 2026 A new Goodman data center in Germany will provide waste heat for a district heating network. The Australian data center firm has signed a deal with the City of Neu-Isenburg, just south of Frankfurt, and the local utility, Stadtwerke Neu-Isenburg (SWNI), that will see it recover and provide up to 50MW from its planned FRA02 facility for the district heating network. SWNI will build and operate the district heating network, which will serve the south industrial estate (Gewerbegebiet Süd), the Neue Welt residential area and the Waldschwimmbad public pool, providing a local source of heat for 600 buildings and supporting the city's decarbonization strategy. FRA02 is currently under development at Rathenaustraße 29-31, in Neu-Isenburg. Topping out at the site occurred earlier this year, and when it comes into service in 2028, it will have an IT capacity of 54MW. Christof Prange, country manager for Germany at Goodman, said: "Recovering waste heat from FRA02 for use by local homes, businesses, and community facilities will deliver a meaningful long-term benefit for Neu-Isenburg. This outcome has been made possible by the strong collaboration between Goodman, the City of Neu-Isenburg, and SWNI over the past four years. "Together, we have worked through the technical, planning, and commercial requirements needed to turn our shared ambition into tangible infrastructure. The result is a data center that will support the city's digital growth while becoming part of its future heating solution. This is how we seek to create lasting value for the communities in which we invest." Goodman said work on a high-voltage substation for the site is on track for completion this year. The company has procured the land for SWNI's planned heating plant, which will commence construction in 2028, and will invest in the technical equipment required on the FRA02 site to connect the data center to the network. Dirk Gene Hagelstein, Mayor of Neu-Isenburg, said: "Decarbonizing our heat supply is a key priority for Neu-Isenburg, and FRA02 is helping turn that ambition into reality. This agreement enables SWNI to advance the waste heat project while building on the sustainability measures Goodman has embedded in the development, including a closed-loop cooling system to limit the use of drinking water, PV systems on the roofs, and a green facade. "Together, we are transforming a vacant industrial site, modernizing our heating network and delivering the benefits of digital infrastructure locally in Neu-Isenburg." Kirk Reineke, managing director, Stadtwerke Neu-Isenburg GmbH, added: "FRA02 will provide a valuable source of recovered heat for our district heating network and support our decarbonization goals. Projects like this depend on strong, long-term partnerships. Goodman and SWNI have worked closely together to address the technical and commercial challenges, creating a foundation for long-term success that will benefit the citizens of Neu-Isenburg." Goodman has data center projects on the go across Hong Kong, Australia, the US, Japan, as well as Germany. More in europe.
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