Goodman Group's AU$4B Data Center Expansion Plan

Goodman Group, an Australian property and logistics company, plans to raise AU$4 billion (US$2.54 billion) through a share placement to fund its data center business expansion. This capital raising, the largest in Australia in over three years, will involve issuing 119.42 million shares at a 6.9% discount to the current share price. The funds will support the development of new data centers and logistics facilities, as well as reduce existing debt. Goodman's expansion is driven by the increasing demand for data centers due to growth in cloud computing, AI, and machine learning. The company expects to have new projects underway in major cities worldwide by 2026, with an expected end value exceeding AU$10 billion (US$6.3 billion). This move is part of Goodman's broader strategy to capitalize on digital economy infrastructure opportunities.