Property investor Goodman Group
(ASX:GMG) says its industrial property fund, Goodman Australia Industrial Fund Ltd (GAIF), will launch a capital raising for more than $400 million.
The fund has already received more than $400 million of conditional equity commitments which it expects to increase on the back of talks with new and existing investors.
The fund’s chairman Greg Goodman says this is a major opportunity to expand the funds capital base, enhance its terms, market position and investment returns.
Goodman Group advises talks with investors are continuing with a view to completing the capital raising by the end of 2012.
Goodman Group booked a net profit of $450.5 million in the 2012 financial year.
