Brookfield, Goodman Trade Sydney Logistics Stronghold in $203m Deal
One global freight operator has occupied the 8.5ha asset in the south-west since 2007βits operations grew as the site expanded...
One global freight operator has occupied the 8.5ha asset in the south-west since 2007βits operations grew as the site expanded...
The Australian industrial property developer and its New York-listed partner acquired their shares at an average price of $9.22.
The data centre chief executive has his priorities in order. Like trademarking a new slogan.
NextDC shares surged more than 40% Thursday morning after Goodman Group and Digital Realty sought to acquire up to a 9.9% stake.
Make no mistake, this is Greg Goodman marking his territory as NextDC morphs into a sitting duck M&A target.
The data centre operator has run into trouble over its growth projects, but its existing facilities are highly prized by potential suitors.
The data centre group has tapped Barrenjoey and UBS as advisers on any potential approach after its shares were raided by Goodman Group and its US partner.
The duo offered $9.50 per share and have struck at a time when NextDC is hurting from a sharp decline in its share price following delays at its M3 site in Melbourne
Australiaβs biggest property company says its switch into more date centre development can deliver earnings growth despite headwinds in the sector.