Goodman expands data centre services to meet global demand

Goodman Group has announced the expansion of its data centre offering to include operational solutions, highlighting the company's ongoing commitment to meeting global demand for data infrastructure.

Greg Goodman, Group Chief Executive Officer, addressed the growing market for data centres, stating, "The global demand for data centres has created an opportunity for the Group to service the need for powered infrastructure. We have continued to expand and secure our global power bank to meet this demand, and we've evolved our delivery capabilities to offer a range of options, which now include fully fitted facilities, with operational solutions."

The Group maintains its strategy of developing essential infrastructure to facilitate the flow of goods and data in the economy, focusing on the pipeline of warehouse and data centre development. Goodman has increased its secured power capacity to 2.6 GW and is evaluating additional sites for potential data centre use. The demand for these developments remains robust, and Goodman is tailoring its delivery models to suit customer needs by now providing fully fitted turn-key and operational solutions. This option enables Goodman to provide and maintain necessary infrastructure, allowing customers to implement their servers while still being responsible for their operation.

In executing its physical works programme, Goodman is concentrating on securing power and beginning infrastructure and groundwork to hasten market readiness. The Group is in advanced negotiations with several global customers and expects additional data centre projects to commence from now until the end of 2025.

Data centres currently represent 42% of Goodman's global development workbook, valued at USD $12.8 billion. The company's data centre initiative has seen notable progress in securing power and progressing planning and infrastructure projects, offering a range of deployment options to clients, and strengthening its integrated data centre platform with dedicated teams across various specialisations. Furthermore, Goodman is establishing long-term ownership structures in collaboration with its capital partners.

The company's global power bank remains stable at 5.0 GW. This includes 2.6 GW of secured power and 2.4 GW in advanced stages of procurement. Goodman is also reviewing its existing industrial portfolio to identify additional properties suitable for data centre use.

Significant new projects are anticipated to initiate in 2025, with data centres expected to represent a growing portion of both ongoing work and Goodman's total property portfolio. In line with this outlook, Goodman confirms its forecast for 9% growth in FY25 Operating EPS.

Greg Goodman further commented on the future outlook, noting, "The demand for data centres continues to grow and the Group is well positioned to support this through our access to power on existing sites and proven track record in delivering complex infrastructure developments. We have further progressed our delivery capabilities to now include fully fitted facilities with turnkey solutions, which is being driven by customer requirements for operational assets. This aligns with the increasing amount of capital targeting investment in operational data centres."