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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 within 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 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.$1.7 billion in equity commitments to the Trust supported by a $0.7 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$4 billion

total property portfolio

3.3%

gearing

35

investment properties

98%

occupancy

 all figures as at 30 June 2019

GAP Portfolio

GAP’s total property portfolio (including land and developments) comprises of 35 properties with a combined value of $4.0 billion. Stabilised properties account for 95% of the portfolio with 5% currently under development or held as land. 

Since inception, the Partnership has completed over 700,000 sqm in developments, across 36 projects, with a total value in excess of $1.0 billion, supporting superior income and capital returns to the Partners over the investment period.

Useful information

Management team

Director - Investment Management

Anthony Alexander

+61 2 9230 7400