Wednesday, 19 February, 2025

Goodman Group Raises $4 Billion to Expand Data Center Operations

Australian property and logistics company Goodman Group is raising A$4 billion ($2.54 billion) through a share placement to fund its data center expansion plans. The Sydney-based firm will issue 119.42 million shares at A$33.5 each, a 6.9% discount to its last closing price. This marks Australia's largest capital raising in over three years. The funds will support the development of an additional 0.5 gigawatts of data centers, supplementing Goodman's existing 5 gigawatts across 13 cities.