Goodman Group (GMG) – Data centre roll-out details
March 24, 2025
Goodman Group is a global industrial property and digital infrastructure specialist group with operations in key consumer markets across Australia, New Zealand, Asia, Europe, the United Kingdom, and the Americas. Goodman Group is the largest property group on the Australian Securities Exchange (ASX: GMG), a top 20 entity by market capitalisation, and one of the largest listed specialist investment managers of industrial property globally.
Goodman Group(GMG) holds a 70% economic interest in eight data centre (DC) sites, expected to be operational by June 2026. The sites are in key markets such as Los Angeles, Tokyo, Sydney, Melbourne, Amsterdam, Paris, Frankfurt, and Hong Kong. The total projected value of these projects is $11 billion.
The latest development update revealed mixed signals: while two DC sites are close to vertical construction, there is a re-synchronisation to lower completion volumes in the short-term. Despite a reduced price target of $33.50 (from $37.00), GMG’s strong growth outlook and lack of net debt support an Accumulate rating.
Insights that count
Discover the best opportunities to outperform the market. Our research team dig deep into the market, company and stock data to bring you insights others might overlook.
Mineral Resources (MIN) – Strong operational result
Mineral Resources offers mining services in Australia, Asia, and internationally, as well as having its own operations in iron ore and lithium.
Ventia Services Group (VNT) – Promising outlook
Ventia Services Group provides infrastructure services in Australia and New Zealand and operates across a wide variety of sectors including Defence bases, telecommunications, water, and the renewable energy sector.
Sigma Health (SIG) – London Calling
Sigma Healthcare operates as a retail pharmacy franchisor and pharmaceutical wholesale and distributor to community pharmacies primarily in Australia, with its flagship brands being Chemist Warehouse, Amcal, and Discount Drug stores.
.jpg)