Financial Shares News Goodman Group (GMG)

Goodman Group ASX GMGGoodman Group (GMG) is an integrated property group that owns, develops and manages industrial and business space globally. Some of its investments include business parks, office parks, industrial estates and warehouse and distribution centres.

GMG also gives its investors access to its specialist services and property assets through its range of listed and unlisted property funds.

Like many other property managers GMG was one of the shares to sell during the GFC, losing more than 90% of its value from the peak.

On 14 March, GMG confirmed that it had been approached to recycle assets within its Asia Pacific managed funds portfolio.

Goodman Group said it was considering the proposal but stressed that there was no certainty it would proceed to execution.

GMG was responding to an article in the Australian Financial Review, which said the group was preparing to seed a Malaysian industrial property fund with properties from its Asian network, valued at about $1.1 billion.

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