Goodman Group on track to $3B AUM

Company News

Goodman Group (ASX:GMG) is on track to achieve $3 billion in assets under management, according to the company.
 
The property group told shareholders that significant progress has been made on the roll-out of its development pipeline since its entry into the US industrial property market in June 2012.
 
Through its investment partnership with Canada Pension Plan Investment Board, Goodman North America Partnership, the group has committed equity of US$2 billion, with a current development and investment pipeline of US$1.7 billion.
 
Goodman Birtcher North America CEO Brandon Birtcher said that key macro drivers, including economic growth, new supply and absorption rates, are providing a favourable operating environment in the markets where the company operates.
 
Goodman Group recorded a net profit of $1.2 billion at 30 June 2015.