Goodman Group

Goodman Group is an Australian integrated commercial and industrial property group that owns, develops and manages real estate. This includes warehouses, large scale logistics facilities, business and office parks globally.

Goodman Group
Company typePublic
ASXGMG
IndustryCommercial property
Founded1989; 35 years ago (1989)
FounderGregory Goodman [1]
Headquarters,
Australia
Area served
Australia, New Zealand, Asia, Europe, the United Kingdom, North America and Brazil
Key people
Gregory Goodman (Group CEO)
Anthony Rozic (Deputy CEO)
Nick Vrondas (Group CFO)
Nick Kurtis (Group Head of Equities)
RevenueIncrease A$1,510,900,000 at 2020-06-30[2]
Increase A$1,060,200,000 2020-06-30[2]
Total assetsIncrease A$16,138,200,000 at 2020-06-30[2]
Total equityIncrease A$11,520,600,000 at 2020-06-30[2]
Number of employees
1,000 at 2020-06-30[2]
Websitewww.goodman.com

History

The organisation was founded in 1989 as a private property trust focused on industrial properties, listing on the Australian Securities Exchange (ASX) in 1995 as Goodman Hardie Industrial Property Trust with eight properties valued at A$75 million. In 2000 the trust merged with Macquarie Industrial Trust and was renamed Macquarie Goodman Industrial Trust.[3]

The organisation changed its name to Macquarie Goodman Group in 2005 following a series of acquisitions and mergers, which made it the largest industrial property group in the ASX All Ordinaries Index.[4]

In July 2007, the organisation was renamed to its present name, after Macquarie Bank sold its 7.7% interest almost a year earlier.[5] Goodman is now one of the largest providers of industrial property and business space in the world, following the expansion of its operations into Europe, Asia and the Americas through a series of acquisitions and organic growth.[6][7]

As of 30 June 2020, the Group had 392 properties under management in 17 countries and 19.3 million sqm under management.[8] It had market capitalisation of A$27.2 billion.[9]

The Group delivered an operating profit of $1,060.2 million as of 30 June 2020, up 12.5% on FY19, and operating earnings per security (EPS) of 57.5 cents, up 11.4% on FY19. It is split into three divisions: property portfolio, development and funds management.[10]

On 30 June 2020, Goodman Group reported A$51.6 billion Assets Under Management, with A$6.5 billion in development work in progress.[11]

Goodman UK

Office building in Leeds Valley Park

Goodman UK is part of the Goodman Group integrated industrial property development and management company. The company specialises in the development and management of Business, Science and Commercial Parks. Goodman UK has a number of parks situated throughout the United Kingdom, these include the following:

See also

References