Australia's Goodman Group creates $2.7 billion group to invest in Hong Kong data centres
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 04 2025
0mins
Source: Reuters
Goodman Group's Investment Consortium: Australia's Goodman Group is forming a $2.7 billion investment consortium with international pension funds and investors to develop data centers in Hong Kong, where it will be a 20% cornerstone investor alongside partners like PGGM, APG, and the Canada Pension Plan Investment Board.
Growth Potential in Data Centers: The company currently owns four data centers in Hong Kong and is developing two more, accounting for about 30% of the region's market by power capacity, with plans to convert parts of its A$10 billion industrial property portfolio into data centers due to increasing demand driven by China's digital evolution and AI sector growth.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
