Property investment
Goodman’s property investment
portfolio increased by $0.4 billion
to $6.0 billion. This portfolio
includes direct property
investments and cornerstone
investments in our managed
funds.
The key property metrics across
the Group’s direct property
investments remained strong.
In Australia, the occupancy
rate increased by 1% to 98%
compared to the previous
corresponding period. The
weighted average lease expiry
was 4.3 years and rental
growth of 3.8% was achieved,
demonstrating the value of
our integrated customer
service offering.
The Group remains committed
to retaining significant strategic
cornerstone investments in
our managed funds. Our
cornerstone investments
increased by $0.5 billion to
$3.2 billion largely due to our
participation in the asset for
equity swap undertaken by
Arlington Business Parks
Partnership (ABPP) in the
United Kingdom in December.
a day in the sun, page-2
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