Goodman Group has raised $4 billion to pursue a number of growth opportunities across Goodman’s logistics and data centre operations.
It comes as the growing demand for data centers is being driven by the rising adoption of cloud-based technologies, data migration, and advancements in AI and machine learning.
Group Chief Executive Officer, Greg Goodman said providing essential infrastructure for the digital economy has set a strong foundation for growth.
“Our 5 GW power bank sits across 13 major global cities – primarily in metro locations – to facilitate cloud and AI deployments. By June 2026, we expect to have commenced the development of new powered shells and fully fitted facilities, reflecting approximately 0.5 GW. These projects across Sydney, Melbourne, Los Angeles, Tokyo, Paris, Amsterdam and Hong Kong will have an estimated end value of greater than $10.0 billion.
“Goodman is well positioned to maximise the significant data centre demand across our markets.
“The funds raised will enable us to optimise the opportunities we’re creating over the long term, particularly through our data centre offering, and provide greater financial and operational flexibility to manage the next phase of growth.”
The 0.5 GW of new data centre development projects that are anticipated to be underway by June 2026 with an estimated end value of greater than $10 billion. It comprises a mix of powered shell and fully fitted facilities with operational solutions and represent approximately 10 per cent of the group’s total power bank.
The global power bank is 5.0 GW across 13 major global cities, of which 2.6 GW is secured and 2.4 GW in advanced stages of procurement.
Data centre projects now represent 46 per cent of current WIP for Goodman.
“The global opportunity set provided by the increased demand for data centres is driving the positive outlook for the Group,” Mr Goodman said.
“With access to power on existing sites in metro locations, and proven track record in delivering complex infrastructure developments, Goodman is well-positioned to benefit from this demand.
“Supply remains constrained in our locations, and combined with our attractive development workbook, provides opportunities to optimise our capital allocation and support future growth – particularly in the data centre space.”