Goodman Raises $2.5 Billion for Data Centers to Tap AI Boom
- Australian company sees a ‘global data-center opportunity’
- Goodman is funding projects in Asia, Europe and the US
Chief Executive Officer Greg Goodman said there’s “significant data center demand” — and limited supply — in the markets where the company operates.
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
Australia’s Goodman Group plans to raise A$4 billion ($2.5 billion) via a share placement to develop a global network of data centers, as the march of AI drives demand for more facilities.
The property firm plans to raise the capital through a fully underwritten institutional placement, it said in a statement Wednesday. It will also undertake a non-underwritten security purchase plan for shareholders to raise as much as A$400 million.