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GMG Goodman Group

31.475
-0.075 (-0.24%)
Last Updated: 04:48:34
Delayed by 20 minutes
Share Name Share Symbol Market Type
Goodman Group ASX:GMG Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.075 -0.24% 31.475 31.47 31.48 31.91 31.27 31.63 2,217,135 04:48:34

Goodman Group To Form US$1.5 Billion Partnership In US With Birtcher

20/06/2012 8:27am

Dow Jones News


Goodman (ASX:GMG)
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   By Ray Brindal 
 

CANBERRA--Goodman Group (GMG.AU) said Wednesday it plans to enter the North American real estate market via a $1.5 billion partnership with California-based Birtcher Development & Investments, focussing on the development of logistics and industrial facilities.

Initial equity commitments will be about $800 million, Goodman said in a statement.

Goodman is in the final stages of due diligence with a "major" capital partner, it said.

Write to Ray Brindal at ray.brindal@wsj.com

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