Industrial property owners will likely be the standout performers in the reporting season which kicks off in earnest next week for the Australian real estate investment trust sector.
Goodman Australia says the brownfield development of the Rosebery Engine Yards in Sydney will reuse materials,reducing waste and construction emissions.
A swathe of leading landlords have been awarded high rankings in the latest global sustainability benchmark assessments.
Every single large shed in industrial property giant Goodman Group’s portfolio - spanning thousands of square metres of warehouse space in the US,Europe and Asia - is full.
The upcoming profit reporting season for listed real estate income trusts (REITs) is shaping up as a test of how the sector will cope if the economy slows as expected.
Brickworks is spinning off 15 key manufacturing assets into a jointly run fund with industrial behemoth Goodman Group.
With Amazon confessing it has “too much warehouse space” and the cost of debt rising,industrial property’s decade-long surge is on the cusp of losing steam. But local analysts remain optimistic.
Warehouse developer Goodman says the sector is facing a structural shift,with tenants saying they are deferring expansion plans and focusing on driving existing space harder.
High-rise industrial property is the growth engine for the industry.
Industrial property juggernaut Goodman has hung up the “house full” sign across its global portfolio after riding out the pandemic to post a $2 billion profit and forecast 20 per cent growth in operating earnings for the full year.
Australia Post has shored up its future processing business with the lease of a new warehouse that is the equivalent size of eight football fields and has the capacity to sort and send as many as 450,000 parcels per day.