Goodman Group
| 160px | |
| Public | |
| Traded as | ASX: GMG |
| Industry | Commercial property |
| Founded | Australia (1989) |
| Founder | Gregory Goodman |
| Headquarters | 60 Castlereagh Street Sydney, Australia |
|
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) |
| Revenue |  A$1,182,800,000 (2013/14)[1] |
| Profit | A$601,100,000 (2013/14)[1] |
| Total assets | A$9,403,900,000 at 2014-06-30[1] |
| Total equity | A$6,230,400,000 at 2014-06-30 [1] |
|
Number of employees
|
1,080 (September 2014)[2] |
| Website | www.goodman.com |
Goodman Limited is an Australian integrated commercial and industrial property group that owns, develops and manages real estate including warehouses, large scale logistics facilities, business and office parks globally.
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.[3]
Formerly known as Macquarie Goodman Group, is one of the world’s largest listed industrial property groups. It also has a global funds management business, operating in the UK, Europe, Japan and Hong Kong. Greg Goodman leads the group, which had made him a billionaire before the market turned on complicated and highly geared financial structures.[4]
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.[5] Goodman has since retained this position with a market capitalisation of A$8.7 billion.[1]
In July 2007, the organisation was renamed to its present name, after Macquarie Bank sold its 7.7% interest almost a year earlier.[6] 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.[7][8]
As of September 2014, the Group had 432 properties under management in 16 countries and 69 active developments underway.[2][9]
Between 2007 and 2014, this business made earnings before interest and tax (EBIT) averaging $138m.Goodman Limited is split into three divisions: its property portfolio, a development business and a funds management business. [10]
See also
References
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