Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

GOODMAN GROUP Capital/Financing Update 2013

Apr 29, 2013

64998_rns_2013-04-29_d3a66e26-6c50-4313-9002-21829bf76fba.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

==> picture [83 x 74] intentionally omitted <==

==> picture [180 x 35] intentionally omitted <==

Goodman Australia Industrial Fund completes equity raising

Date 30 April 2013 Release Immediate

Goodman Australia Industrial Fund (GAIF or Fund), Australia’s largest industrial real estate investment vehicle has completed its equity raising process, securing total demand in excess of $1 billion.

Following the announcement made on 11 December 2012, GAIF completed a first close of the raising with $624 million of equity secured. As highlighted, a number of investors were completing due diligence at that time, which has now been completed.

The additional demand was primarily secured from a number of existing GAIF investors, including domestic super funds and large international investors.

Goodman Group CEO and GAIF Chairman, Greg Goodman said, “We are very pleased with the strong overall support of GAIF’s investors for this major opportunity to participate in the Australian industrial property market at this point in the investment cycle.”

Following the final close of the equity raising, Goodman will hold 30% of GAIF which is consistent with its long-term target holding range.

- Ends -

For further information, please contact Goodman: Gregory Goodman Group Chief Executive Officer Tel +61 2 9230 7400

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 and Goodman Industrial Trust, is the largest industrial property group listed on the Australian Securities Exchange and one of the largest listed specialist fund managers of industrial property and business space globally.

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

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.

About Goodman Australia Industrial Fund

Goodman Australia Industrial Fund is Australia’s largest industrial fund with $4.8 billion of high quality industrial and business space assets under management in all the major regions around Australia. The Fund has a weighted average lease term of approximately 6.0 years and an occupancy rate of 97%, with customers including blue chip companies such as Coles, Toll, Coca-Cola Amatil and Linfox.