The West

Goodman fund to raise over $400m
Goodman fund to raise over $400m

An industrial property fund managed by Goodman Group intends to raise at least $400 million from investors.

Goodman Australia Industrial Fund, which manages $4.7 billion worth of properties leased by companies including Coles and Coca-Cola Amatil, said it been discussing its future with existing and new investors.

Those talks have resulted in GAIF receiving more than $400 million in conditional commitments from investors to participate in a capital raising venture.

The strong outlook for the industrial property sector had prompted the talks, as GAIF looks to improve its size and market position, chairman Greg Goodman said today.

Discussions with investors continue, with a view to completing a capital raising by the end of 2012, he said.

Goodman Group closed up 10 cents, or 2.5 per cent, at $4.06.

The West Australian

Latest News From The West

When Helen Koot heard about the “poor person” who died after being dumped outside Joondalup Health Campus, she wondered how anyone could be so callous towards another human being.

A subcontractor is under investigation by national safety regulator Comcare and the NBN Co over claims it illegally dumped asbestos near homes and used unsafe equipment that blew the deadly fibres …

Popular videos