- Goodman Group is raising $2.5bn (€2.4bn) through an institutional placement to fund its data centre and industrial development pipeline.
- Additionally, the logistics giant has launched a security purchase plan (SPP) for eligible securityholders, aiming to raise up to $2.5bn.
What happened: Goodman Group raises A$4bn for data centre and industrial development
Goodman Group has announced it is raising A$4bn (€2.4bn) through a fully underwritten institutional placement to fund its data centre and industrial development pipeline. The company will issue 119.4 million new securities, representing about 6.2% of its total outstanding securities, priced at A$33.50 per security. This price reflects a 6.9% discount from the closing price of A$35.98 on 18 February 2025.
In addition to the placement, Goodman Group has also introduced a non-underwritten security purchase plan (SPP), which allows eligible securityholders to raise up to A$400m.
Greg Goodman, CEO of Goodman Group, explained that the funds will help strengthen the company’s capital structure and provide the flexibility to carry out a large-scale development program, with a primary focus on data centres. This move is driven by the growing demand for data centres, fueled by the increasing use of cloud services, the migration of data to the cloud, and the rise of AI and machine learning.
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Why it’s important
The A$4bn funding raise positions Goodman Group to capitalize on the growing demand for data centre infrastructure, which is expected to play a critical role in the continued expansion of cloud computing and digital services. With these funds, the company can continue its rapid growth in key global markets, reinforcing its leadership in the industrial and data centre sectors.
The additional security purchase plan allows current investors to participate, ensuring continued shareholder engagement and supporting the company’s ambitious development plans. As data centre demand continues to rise, Goodman Group’s strategic developments in high-demand regions will likely be pivotal in shaping the future of global digital infrastructure.
