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Property investor Goodman Group (ASX:GMG) says its industrial property fund, Goodman Australia Industrial Fund Ltd (GAIF), will launch a capital raising for more than $400 million.
The fund has already received more than $400 million of conditional equity commitments which it expects to increase on the back of talks with new and existing investors.
The fund’s chairman Greg Goodman says this is a major opportunity to expand the funds capital base, enhance its terms, market position and investment returns.
Goodman Group advises talks with investors are continuing with a view to completing the capital raising by the end of 2012.
Goodman Group booked a net profit of $450.5 million in the 2012 financial year.
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Last
$35.35 |
Change
-0.060(0.17%) |
Mkt cap ! $71.80B | |||
| Open | High | Low | Value | Volume |
| $35.25 | $35.58 | $35.17 | $75.36M | 2.130M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 138 | $35.35 |
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| Price($) | Vol. | No. |
|---|---|---|
| $35.38 | 31000 | 1 |
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| Last trade - 16.10pm 12/08/2025 (20 minute delay) ? |
| GMG (ASX) Chart |