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Goodman Group

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Goodman Group
Company typePublic
ASX:GMG
IndustryCommercial property
Founded1989;35 years ago(1989)
FounderGregory Goodman[1]
Headquarters,
Australia
Area served
Australia,New Zealand,Asia,Europe,the United Kingdom,North AmericaandBrazil
Key people
Gregory Goodman(GroupCEO)
Anthony Rozic(DeputyCEO)
Nick Vrondas(GroupCFO)
Nick Kurtis(Group Head of Equities)
RevenueIncreaseA$1,510,900,000 at 2020-06-30[2]
IncreaseA$1,060,200,000 2020-06-30[2]
Total assetsIncreaseA$16,138,200,000 at 2020-06-30[2]
Total equityIncreaseA$11,520,600,000 at 2020-06-30[2]
Number of employees
1,000 at 2020-06-30[2]
Websitewww.goodman.com

Goodman Groupis an Australian integratedcommercialandindustrial propertygroup that owns,developsandmanagesreal estate. This includeswarehouses,large scalelogisticsfacilities,businessandoffice parksglobally.

History

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The organisation was founded in 1989 as a private property trust focused on industrial properties, listing on theAustralian Securities Exchange(ASX) in 1995 asGoodman Hardie Industrial Property Trustwith eight properties valued at A$75 million. In 2000 the trust merged withMacquarie Industrial Trustand was renamedMacquarie Goodman Industrial Trust.[3]

The organisation changed its name toMacquarie Goodman Groupin 2005 following a series of acquisitions and mergers, which made it the largest industrial property group in the ASXAll OrdinariesIndex.[4]

In July 2007, the organisation was renamed to its present name, afterMacquarie Banksold its 7.7% interest almost a year earlier.[5]Goodman is now one of the largest providers of industrial property and business space in the world, following the expansion of its operations into Europe, Asia and the Americas through a series of acquisitions and organic growth.[6][7]

As of 30 June 2020, the Group had 392 properties under management in 17 countries and 19.3 million sqm under management.[8]It had market capitalisation of A$27.2 billion.[9]

The Group delivered an operating profit of $1,060.2 million as of 30 June 2020, up 12.5% on FY19, and operating earnings per security (EPS) of 57.5 cents, up 11.4% on FY19. It is split into three divisions: property portfolio, development and funds management.[10]

On 30 June 2020, Goodman Group reported A$51.6 billion Assets Under Management, with A$6.5 billion in development work in progress.[11]

Goodman UK

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Office building in Leeds Valley Park

Goodman UK is part of the Goodman Group integrated industrialproperty developmentandmanagementcompany. The company specialises in the development and management of Business, Science and Commercial Parks. Goodman UK has a number of parks situated throughout the United Kingdom, these include the following:

See also

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References

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  1. ^"Philanthropist, arts patron, businessman Sir Pat Goodman dies".10 September 2017.Retrieved15 June2019.
  2. ^abcde"Appendix 4E Full Year Accounts"(PDF).Goodman Group.Retrieved13 August2020.
  3. ^"Corporate history".Goodman Limited.Retrieved25 January2015.
  4. ^"Goodman upgrades guidance".The Australian Financial Review.11 June 2014.Retrieved25 January2015.
  5. ^"MGQ Annual General Meeting"(PDF).Goodman Limited. 16 November 2006.Retrieved25 January2015.
  6. ^"Corporate history".Goodman Limited.Retrieved25 January2015.
  7. ^"Goodman's global presence".Goodman Limited.Retrieved25 January2015.
  8. ^"Key Facts".Goodman Group. 31 August 2020.Retrieved31 August2020.
  9. ^"Appendix 4E – Full Year Accounts"(PDF).Goodman Group. 13 August 2020.Retrieved13 August2020.
  10. ^Goodman Group (13 August 2020)."Goodman delivers strong FY20 result with operating profit up 12.5% to $1.06 billion".goodman.com/.Retrieved13 August2020.
  11. ^"Key facts".goodman.com/.13 August 2020.Retrieved13 August2020.
  12. ^"Vehicle-company boost for business park".The Yorkshire Post.18 December 2008. Archived fromthe originalon 3 October 2018.Retrieved3 October2018.
  13. ^Scott, Nigel (10 July 2002). "New business park will bring 5,000 jobs to city".Yorkshire Evening Post.
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