Goodman Collaborates with Brazil Logistics Market in $700Mn Partnership to Invest in Major Industrial Assets
Thursday, 21 June 2018, 23:12 IST
Goodman Group announced the establishment of the Goodman Brazil Logistics Partnership that aims to invest in prime logistics in the major gateway cities of Sao Paulo and Rio de Janeiro. This partnership between the largest listed specialist investment manager and the Brazilian logistics industry of $700 million partnership opens the leeway for Goodman to invest alongside global capital partners APG, Canada Pension Plan Investment Board, First State Super and GIC.
Cesar Nasser, CEO, Goodman Brazil, says, “The Partnership has been established with approximately US$270 million/R$1 billion of existing assets and work in progress that can be developed to deliver over one million square metres of high-quality logistics space. With the Brazilian market experiencing under-supply of modern, high-quality space, we have an opportunity to expand our global platform in Brazil for the benefit of our customers."
Goodman Group, an integrated property group with operations, focuses on cities with large populations, urbanization and rising consumerism. Its global operating platform has $27 billion of assets across 375 properties and 17.3 million square metres under management across 16 countries. Goodman’s global property expertise, integrated own+develop+manage customer service offering and significant investment makes sure that innovative property solutions meet the individual requirements of the customers.
Danny Peeters, Executive Director, Goodman Group, avers, "With Brazil being one of the top ten economies in the world and having a population of over 200 million, it's an important market for a global company like Goodman. Its major cities of Sao Paulo and Rio de Janeiro display the characteristics we look for in a gateway city."
Read more news:
US-China trade war fears hit global stock markets hard
Amazon CEO becomes world's richest man