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.
Healisu (HLS) – Bumpy path to profitability
Healius Limited provides medical laboratory and pathology services in Australia.
Orica Limited (PRI) – Supply ANxieties
Orica manufactures, distributes, and sells commercial blasting systems, explosives, mining and tunnelling support systems to the mining industry, and various chemical products and services in Australia, Canada, the US, and internationally.
Regal Partners Limited (RPL) – Handing over the reins
Regal Partners Limited is an ASX-listed specialist alternative investment manager. It manages a range of investment strategies covering hedge funds, growth equity, real & natural assets and credit & royalties on behalf of institutions, family offices, charitable groups and private investors.
.webp)