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GOODMAN GROUP — Capital/Financing Update 2013
Nov 21, 2013
64998_rns_2013-11-21_1620ea0d-03e6-4a0f-a738-d56368bd37f9.pdf
Capital/Financing Update
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WTGoodman enters into exclusive Due Diligence on Brazil opportunity
Date 22 November 2013 Release Immediate
Goodman Group confirms that its Brazilian joint venture, WTGoodman, has made an offer to acquire a portfolio of 34 industrial property assets in Brazil from BR Properties for R$3.18 billion (A$1.49 billion*), subject to certain adjustments. BR Properties has given WTGoodman a period of exclusivity to conduct due diligence.
The transaction remains subject to due diligence, negotiation of definitive agreements and required regulatory and third party approvals. A further announcement will be made should the transaction progress to execution.
The proposed transaction is consistent with Goodman’s global investment and funds management strategy.
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For further information, please contact; Greg Goodman Group Chief Executive Officer Tel: + 612 9230 7400
- Based on an Exchange Rate of R$1=A$0.47 as at 21 November 2013.
About Goodman
Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe, the United Kingdom, North America and Brazil. Goodman Group, comprised of the stapled entities Goodman Limited, Goodman Industrial Trust and Goodman Logistics (HK) Limited, is the largest industrial property group listed on the Australian Securities
Goodman Group Goodman Limited | ABN 69 000 123 071 Goodman Funds Management Limited | ABN 48 067 796 641 | AFSL Number 223621 as responsible entity of Goodman Industrial Trust | ARSN 091213 839 Level 17, 60 Castlereagh Street, Sydney NSW 2000 | GPO Box 4703, Sydney NSW 2001 Australia Tel +61 2 9230 7400 | Fax +61 2 9230 7444 Goodman Logistics (HK) Limited | Company No. 1700359 | ARBN 155 911 149 | a Hong Kong company with limited liability Suite 2008, Three Pacific Place, 1 Queen’s Road East, Hong Kong | Tel +852 2249 3100 | Fax +852 2525 2070 [email protected] | www.goodman.com
Exchange and one of the largest listed specialist fund managers of industrial property and business space globally.
Goodman’s global property expertise, integrated own+develop+manage customer service offering and significant fund management platform ensures it creates innovative property solutions that meet the individual requirements of its customers, while seeking to deliver longterm returns for investors.