Goodman Trust Australia (GTA)

Goodman Trust Australia (GTA) is a special purpose investment vehicle that was launched in March 2011 via the acquisition of the ING Industrial Fund (IIF).

The Trust has a mandate to invest in quality logistics and business park assets within the Eastern seaboard of Australia focused on providing its investors with stable annual total returns.

The performance of the Trust is underpinned by earnings growth driven by long leases attached to quality covenants and capital appreciation through the build out of the Trusts expansive land bank, capitalising on change of use opportunities in addition to the Trusts proactive Management approach. 

GTA’s portfolio comprises of 58 assets with a combined value of $3.6 billion. The Australian stabilised properties account for 87% of the portfolio with 5% currently under development or held as land. The remaining 8% of the portfolio is based in Europe.

Since inception the Trust has committed to over 500,000m² across 26 developments increasing the portfolio in excess of $850 million, supporting superior income and capital returns to the Investors over the investment period.

GTA has a strong partnership approach with its international investor base providing c.$1.7 billion in equity commitments to the Trust supported by a $1.3 billion debt platform.

The Trusts investor base comprises three global investors, Canada Pension Plan Investment Board (CPPIB), All Pensions Group (APG), China Investment Corporation (CIC) in partnership with Goodman (GMG). 

 (All figures as at 31 December 2014)

Key Stats
Total Assets              A$3.6 billion                 
Gearing 34.9%
Number of Properties 58
Occupancy 95.7%
Weighted Average cap rate                                                           7.3%