Goodman Group
{{Short description|Australian property developer}}
{{Use dmy dates|date=July 2019}}
{{Infobox company
| name = Goodman Group
| logo = Goodman_Group_logo.svg
| logo_size = 150px
| type = Public
| traded_as = {{ASX|GMG}}
| foundation = {{start date and age|1989|df=y}}
| founder = Gregory Goodman {{cite web |url=https://www.stuff.co.nz/business/96677151/philanthropist-arts-patron-businessman-sir-pat-goodman-dies|title=Philanthropist, arts patron, businessman Sir Pat Goodman dies|date=10 September 2017 |access-date=2019-06-15}}
| location_city = Sydney, New South Wales
| location_country = Australia
| location =
| locations =
| area_served = Australia, New Zealand, Asia, Europe, the United Kingdom, North America and Brazil
| key_people = Gregory Goodman (Group CEO)
Anthony Rozic (Deputy CEO)
Nick Vrondas (Group CFO)
Nick Kurtis (Group Head of Equities)
| industry = Commercial property
| products =
| services =
| revenue = {{increase}} A$1,510,900,000 at 2020-06-30
| operating_income =
| net_income = {{increase}} A$1,060,200,000 2020-06-30
| assets = {{increase}} A$16,138,200,000 at 2020-06-30
| equity = {{increase}} A$11,520,600,000 at 2020-06-30
| owner =
| num_employees = 1,000 at 2020-06-30{{cite web| title=Appendix 4E Full Year Accounts| publisher=Goodman Group| url=https://www.goodman.com/-/media/Files/Sites/Global/Investor-Centre/GMG-Goodman-Group/Announcements/ASX-Announcements/2020/Appendix-4E---Full-Year-Accounts-FY20.pdf| access-date=2020-08-13}}
| parent =
| divisions =
| subsid =
| homepage = {{url|http://www.goodman.com/}}
| footnotes =
}}
Goodman Group is an Australian integrated commercial and industrial property group that owns, develops and manages real estate. This includes warehouses, large scale logistics facilities, business and office parks globally.
History
The organisation was founded in 1989 as a private property trust focused on industrial properties, listing on the Australian Securities Exchange (ASX) in 1995 as Goodman Hardie Industrial Property Trust with eight properties valued at A$75 million. In 2000 the trust merged with Macquarie Industrial Trust and was renamed Macquarie Goodman Industrial Trust.{{cite web
| title = Corporate history
| publisher = Goodman Limited
| url = http://www.goodman.com/about-us/goodman-history
| access-date = 2015-01-25 }}
The organisation changed its name to Macquarie Goodman Group in 2005 following a series of acquisitions and mergers, which made it the largest industrial property group in the ASX All Ordinaries Index.{{cite news
| title = Goodman upgrades guidance
| work = The Australian Financial Review
| date = 2014-06-11
| url = http://www.afr.com/p/business/property/goodman_pegs_earnings_outlook_at_pxmYZg8lOqOt2pN3lP0IqI
| access-date = 2015-01-25 }}
In July 2007, the organisation was renamed to its present name, after Macquarie Bank sold its 7.7% interest almost a year earlier.{{cite web
| title = MGQ Annual General Meeting
| publisher = Goodman Limited
| date = 2006-11-16
| url = http://media.corporate-ir.net/media_files/IROL/16/167466/11_16.pdf
| access-date = 2015-01-25 }} 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.{{cite web
| title = Corporate history
| publisher = Goodman Limited
| url = http://www.goodman.com/about-us/goodman-history
| access-date = 2015-01-25 }}
| title = Goodman's global presence
| publisher = Goodman Limited
| url = http://www.goodman.com/~/media/Images/Sites/Global/About%20us/M_World%20Map_AUD_30%20September%202014_high.jpg
| access-date = 2015-01-25 }}
As of 30 June 2020, the Group had 392 properties under management in 17 countries and 19.3 million sqm under management.{{cite web| title=Key Facts| publisher=Goodman Group| date=2020-08-31| url=https://www.goodman.com/who-we-are/key-facts| access-date=2020-08-31}} It had market capitalisation of A$27.2 billion.{{cite web
| title = Appendix 4E – Full Year Accounts
| publisher = Goodman Group
| date = 2020-08-13
| url = https://www.goodman.com/-/media/Files/Sites/Global/Investor-Centre/GMG-Goodman-Group/Announcements/ASX-Announcements/2020/Appendix-4E---Full-Year-Accounts-FY20.pdf
| access-date = 2020-08-13 }}
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.{{cite web
|url=https://www.goodman.com/investor-centre/announcements-media/20200813-goodman-fy20-full-year-results
|title=Goodman delivers strong FY20 result with operating profit up 12.5% to $1.06 billion
|work=goodman.com/
|author=Goodman Group
|date=13 August 2020
|access-date=13 August 2020
}}
On 30 June 2020, Goodman Group reported A$51.6 billion Assets Under Management, with A$6.5 billion in development work in progress.{{Cite web|url=https://www.goodman.com/who-we-are/key-facts|title=Key facts|date=2020-08-13|website=goodman.com/|language=en|access-date=2020-08-13}}
Goodman UK
File:Building at Leeds Valley Park, East (geograph 3858403).jpg
Goodman UK is part of the Goodman Group integrated industrial property development and management company. 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:
- Arlington Business Park
- Arlington Square, Bracknell
- Birmingham Business Park
- Colton Square Business Park
- Gloucester Business Park
- Harwell Science Park
- {{anchor|Leeds Valley Park}}Leeds Valley Park is a business park owned by Goodman UK. The park is 50 acres in size and is three miles south of Leeds city centre.{{cite news |date=2008-12-18 |title=Vehicle-company boost for business park |url=https://www.yorkshirepost.co.uk/news/vehicle-company-boost-for-business-park-1-2327983 |newspaper=The Yorkshire Post |access-date=2018-10-03 |archive-url=https://web.archive.org/web/20181003141615/https://www.yorkshirepost.co.uk/news/vehicle-company-boost-for-business-park-1-2327983|url-status=dead |archive-date=2018-10-03 }} The developer Akeler managed the building of the park, which has three buildings and was designed by the architectural firm Aukett Europe.{{cite news |last=Scott |first=Nigel |date=2002-07-10 |title=New business park will bring 5,000 jobs to city |newspaper=Yorkshire Evening Post }}
- Rainton Bridge Business Park
See also
References
{{Reflist}}
External links
- {{Official website|http://www.goodman.com/}}
{{S&P/ASX 50}}
{{Authority control}}
Category:Companies listed on the Australian Securities Exchange
Category:Companies in the S&P ASX 50
Category:Companies in the S&P/NZX 50 Index
Category:Real estate companies of Australia
Category:Companies based in Sydney