Goodman Group Drops 1.2% With Sector Slide Overshadowing A$2.65 Billion Brickworks Sale
Goodman Group shares closed down 1.2% at A$32.31 after announcing a A$2.65 billion deal to buy Brickworks’ industrial property stake with GAIP. Goodman will gain full control of BGAI and expand its interest in Oakdale sites. The S&P/ASX 200 fell 0.62%, with real estate stocks broadly lower. Most of Goodman’s development pipeline remains uncommitted, focused on data centres.