Singapore's GIC nears investment talks Goodman data centres

Singapore's sovereign wealth fund GIC is actively considering a proposal to invest in the data center assets owned by Australian property firm Goodman Group. Discussions between GIC dealmakers and Goodman's internal team are in the early stages, with no agreement yet reached, and both parties have declined to comment. Goodman, valued at around A$69 billion, has been expanding its global data center network from Sydney to Paris and Los Angeles, capitalizing on the booming data center real estate market. GIC, established by the Singapore government, has a history of investing in digital infrastructure globally, including stakes in various data center platforms and firms across multiple regions. The potential investment aligns with the growing trend of logistics and industrial real estate firms moving into or expanding their presence in the data center sector. Market response to these talks was modest, with Goodman shares rising slightly amid broader market dips.