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.
Transurban Group (TCL) – Hands on the wheel
Transurban Group owns and operates more than 20 toll roads in Melbourne, Sydney, Brisbane, the Greater Washington region in the US, and in Montreal, Canada.
Goodman Group (GMG) – Growing pipeline
Goodman Group develops and operates logistics properties and data centres in major cities across Australia, New Zealand, Asia, Europe, the UK and the Americas.
GQG Partners (GQG) – Outflows persist
GQG Partners operates as a boutique asset management company in global markets.
.jpg)