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Goodman Australia Partnership

Goodman Australia Partnership (GAP) is a special purpose investment vehicle that was launched in March 2011. The Partnership has a mandate to invest in quality logistics and business park assets across the Eastern seaboard of Australia, focused on providing its investors with stable annual total returns.

The performance of the Partnership is underpinned by earnings growth supported by strong leasing covenants across a diverse customer base, and capital appreciation driven by the build-out of the Partnership's land banks, maximisation of asset value and a proactive Management approach.

GAP's investor base comprises three global investors: Canada Pension Plan Investment Board (CPPIB), All Pensions Group (APG) and China Investment Corporation (CIC) in partnership with Goodman (GMG). This group has provided $1.0 billion in net equity commitment since inception, in addition to the Partnership’s $1.4 billion debt platform.

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

GAP has a strong partnership approach with its international investor base providing c.$1.4 billion in equity commitments to the Trust supported by a $1.0 billion debt platform.

The Partnership's 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).

Figure Widget

A$5.3 billion

total property portfolio

19.7%

gearing

36

investment properties

97.6%

occupancy

 all figures as at 30 June 2021.

GAP Portfolio

GAP’s total property portfolio (including land and developments) comprises of 36 properties with a combined value of $5.3 billion. Stabilised properties account for 91% of the portfolio with 9% currently under development or held as land.

Since inception, the Partnership has completed over 870,000 sqm in developments, across 42 projects, deploying over $1.4 billion in capital, providing strong income and capital returns to capital partners over the investment period.

Useful information

Management team

Director - Investment Management

Anthony Alexander

+61 2 9230 7400