About Goodman
Goodman Group is a global industrial property specialist, founded in Australia by Greg Goodman over 30 years ago. We provide essential infrastructure for the digital economy that is adapting to digital innovation and Environmental, Social and Governance (ESG) developments. We do this by owning, developing and managing high-quality sustainable properties that are close to consumers in key cities around the world.
We have 432 properties located in key consumer markets in 14 countries across Asia Pacific, Continental Europe, the UK and the Americas. With $81 billion of assets under management, we are the largest property group on the Australian Securities Exchange, a top 20 entity by market capitalisation, and one of the largest listed specialist investment managers of industrial property globally. We invest significantly alongside our capital partners in our investment Partnerships, and work to provide sustainable long-term returns for our investors.
Our property portfolio includes logistics and distribution centres, warehouses, light industrial, multi-level industrial, business parks and data centres. But we’re not just about real estate. We’re about making a difference. We’re a passionate team who work together to create a better future for our customers, our people, and the communities we operate in. We believe in innovation, determination, integrity, and sustainability and are continually looking where we can optimise, increase resilience and make space for greatness in everything we do.
ESG matters are integral to Goodman’s long-term business strategy. We make investment decisions based on strategic long-term thinking and operate with clear sustainability goals.
Our integrated business model
Goodman’s Own Develop Manage model focuses our business on our customers’ current and future needs.
We own and maintain high-quality properties close to consumers, we develop sustainable properties, and we manage our global investment portfolio to high standards. We work alongside our capital partners, which include sovereign wealth, pension and large multi-manager funds.
In each market, our dedicated local teams take care of property, asset and investment management, enabling a high level of customer service.
Providing essential infrastructure for the digital economy
The way we live, work and consume is evolving. Urbanisation and population growth are changing our cities. There’s a greater expectation that organisations act sustainably and prioritise health and wellbeing. Consumers are demanding faster delivery but they also want to know that the environmental and social factors are being considered. In addition, the need for data is growing exponentially.
Customer demand for our properties is driven by the growth of e-commerce, supply chain optimisation, and ongoing growth in data storage and processing requirements. Customers want faster speed to market along with greater resilience in their supply chain and efficient properties that help optimise their operations. We acknowledge our role in the global economy, which drives us to act responsibly to reduce our environmental impact and support the long-term viability of the communities we operate in, and our business.
Productivity, efficiency, sustainability
Within a highly competitive market, Goodman’s long-term strategy is built on supporting our customers to operate in the most productive, efficient and sustainable way possible.
Our customers are looking to optimise their supply chain, and this is impacting the design of our properties.
Our building specifications need to accommodate greater automation, resilience, efficiency and where possible – the ability to generate power. Goodman’s approach to sustainable buildings takes into account a combination of these factors and more.
Strategic locations
Goodman takes a long-term view. Our strategy is to own assets close to consumers in key global markets where barriers to entry are high, supply is limited, and demand is strong. We concentrate our portfolio where we can create the most value for customers and investors. This includes development in urban infill locations, regenerating brownfield sites where possible, optimising the use of existing transport and digital infrastructure, supporting our customers to meet rising consumer expectations, and helping to reduce transport costs and related carbon emissions. It can also make access to labour and commuting easier for our customers’ workforce.
Our global network
Our sustainably designed, and well-managed properties are strategically-located in major consumer markets around the world, to meet the business needs of our customers.
AUSTRALIA/NZ
$33.9BN
AUM
189
Properties
99%*
Occupancy
~410
People
Auckland
Brisbane
Melbourne
Sydney
ASIA
$24.7BN
AUM
78
Properties
98%*
Occupancy
~230
People
Beijing
Chongqing
Guangzhou
Hong Kong
Osaka
Shanghai
Shenzhen
Tokyo
EUROPE/UK
$11.5BN
AUM
135
Properties
100%*
Occupancy
~230
People
Amsterdam
Barcelona
Birmingham
Brussels
Düsseldorf
Hamburg
London
Luxembourg
Madrid
Milan
Munich
Paris
THE AMERICAS
$10.9BN
AUM
30
Properties
99%*
Occupancy
~110
People
Los Angeles
New Jersey
Pennsylvania
San Francisco
São Paulo
* Partnership industrial and warehouse assets (excludes office properties which have been earmarked for redevelopment) and represents 95% of Partnership assets
Goodman’s values reflect who we are today and who we want to be long into the future.
Goodman’s purpose of making space for greatness recognises our stakeholders’ needs and drives us to help them reach their full potential.
Here’s how we make space for greatness for each of our stakeholders.
Customers
Our customers come from a wide range of industries including e-commerce, data centres, logistics, retail, consumer goods, automotive, food production, pharmaceutical, life sciences, healthcare and technology. Regardless of their sector, they need the right properties in the right locations. Proximity to their end consumer is key in order to increase speed to market, and reduce transport costs and related emissions. Our customers are increasingly taking a strategic approach to their infrastructure decisions. They’re boosting their investment in our buildings to maximise both supply chain efficiency and overall capacity as the digital economy grows.
We include sustainable design features in our developments, and work with our customers to see how we can incorporate more to meet their current and future requirements.
Securityholders and investment partners
At Goodman, we manage and invest in the investment portfolio alongside our investment partners – some of the world’s largest pension and sovereign wealth funds. We take a patient and long-term approach to managing capital and focus on growing a sustainable and resilient business over time.
This long-term approach guides our decision making. By owning, developing and managing high-quality sustainable properties in key locations, we provide both short-term and long-term benefits for our customers while simultaneously working to deliver sustainable returns for our Securityholders and investors.
Our people
Our team of around 1,000 people in 29 offices around the world are key to our long-term success. Skilled and diverse, our team members use their expertise across the range of locations and cultures we operate in to deliver strong results. There are many opportunities for our people to get involved, to learn and to build rewarding careers. Our sustainability strategy and actions help attract new talent and retain our people.
Goodman encourages innovation. We look for people who want to realise their ambitions, challenge our thinking, drive change and develop new ideas that deliver a sustainable business – making a tangible difference today and long into the future. Through Goodman’s Long Term Incentive Program, our people have a stake in our business, which motivates them to have a positive impact and take a long-term strategic approach to decision making.
Supply chains
We acknowledge that providing a high-quality offering to our customers is a team effort, requiring relationships built on integrity. Our network of suppliers extends from our general contractors who we work with closely to build facilities for our customers, to the providers of our office supplies.
In each case, we respect the needs of our suppliers and practise good business ethics across our operations and global supply chains. This ranges from implementing strategies against modern slavery to treating our general contractors as part of our team, prioritising safety and paying them fairly and on time. In return, we expect our suppliers to abide by our high standards and communicate these requirements within their own supply chains.
Our communities
As a long-term owner of properties, Goodman understands the importance of contributing to the local community. We build long-term relationships, engaging and collaborating with landowners, cities and municipalities, charity partners, and the community at large, to provide developments that meet our customers’ needs and benefit the wider community.
Our properties add value to local communities and the wider economy by generating jobs, creating infrastructure, and enabling people to have the goods they need. They are developed in line with the local planning authorities’ ambitions to build sustainable and resilient communities. Our urban infill developments, often on brownfield sites, optimise scarce land resources and support regeneration and circularity efforts. Our projects can add social value too, and in some cases, include cafes, fitness, and recreation facilities.
We add social value in other ways too – by working with local charities and community partners in all our markets to make a positive difference. Whether it’s working with organisations on emergency response, community and community health, children and youth, or food rescue and the environment, the Goodman Foundation provides tangible assistance that translates to real support where it’s needed most.
Goodman works as one integrated team, executing our global strategy on a local level.
Our specialist property, development and investment management teams within countries work alongside our corporate services. By everyone focusing their skills we can provide a quality industrial property offering that best serves our customers and investors alike.
The Boards and Committees
Goodman Group is a triple stapled entity comprised of the Australian company, Goodman Limited (GL), the Australian trust, Goodman Industrial Trust (GIT) and the Hong Kong SAR company, Goodman Logistics (HK) Limited (GLHK). The Boards of GL and Goodman Funds Management Limited, as the responsible entity of GIT, comprise the same Directors while GLHK has a distinct Board with some overlap. Together they are referred to as the Boards.
The Goodman Boards and management team are committed to the highest standards of governance and recognise that an effective corporate governance culture is critical to the long-term performance of the business.
Goodman’s corporate governance framework underpins our commitment to maximise long-term sustainable value for Securityholders through:
- Effective controls, risk management, transparency and corporate responsibility
- Strategic planning and alignment of the interests of our people with those of Securityholders and other stakeholders
- Being an organisation that acts ethically and in accordance with its corporate values.
In October 2022 the Boards established the Sustainability and Innovation Committee to focus on sustainability matters and the impact of emerging technologies. In addition, in March 2023, the Boards merged the Audit Committee and the Risk and Compliance Committee into the Audit, Risk and Compliance Committee, and the Remuneration Committee and Nomination Committee into the Remuneration and Nomination Committee.
Our Corporate Governance Statement provides more information on our Corporate Governance framework.