Singapore’s sovereign wealth fund GIC is said to be in talks to invest in some data center assets of Australian real estate firm Goodman Group, according to recent reports. Discussions are at an early stage with both parties declining to comment. Goodman is one of the largest listed property firms in Australia with a large portfolio of industrial property and digital infrastructure assets across the globe.
The Sydney-based company has a market capitalisation of about A$69 billion (US$45 billion) and is looking for investors to develop its data centers spanning Europe, the Americas and Asia Pacific. According to its website, it has delivered 0.6 GW of data centres and powered sites globally. In total, it has 5.0 GW of power bank which includes completed facilities, secured power (2.7 GW) and potential data centre projects across 13 major international cities.
