Goodman Group, the Australian real estate company known for its industrial developments, has expanded its global data center power bank by 1 gigawatt (GW) over the last six months. This addition brings its total available capacity to 6GW, reflecting the company’s strategic focus on supporting growing digital infrastructure demands.
In its half-yearly financial results, Goodman reported an AU$1.2 billion (US$850 million) operating profit for the six months ending December 2025. The company also revealed plans to have work in progress (WIP) valued at AU$18 billion (US$12.7 billion) by June 2026, with data centers accounting for AU$14 billion (US$9.9 billion) of that figure. This means data center projects will represent approximately 73 percent of Goodman’s ongoing developments.
The increased power bank supports Goodman’s projects primarily in Australia and Europe. According to CEO Greg Goodman, the company is adapting to the rising demand for digital infrastructure in supply-constrained markets. He explained, "We’re continuing to provide high-quality essential infrastructure for the digital economy in supply-constrained markets."
Goodman emphasized the importance of high-performance facilities in meeting the needs of data center clients. "Data center customers require facilities with low-latency and high connectivity to meet the unprecedented levels of capex spending forecast across the sector. Goodman is set to benefit from these structural shifts given the quality and location of our sites, and our track record of developing complex infrastructure", he said.
Traditionally focused on logistics and industrial real estate, Goodman has broadened its portfolio to include data centers in locations such as Hong Kong, Australia, Germany, the United States, France, and Japan. Notable developments include a 32MW data center completed in Los Angeles last year and plans for a 97MW facility in San Jose, California.
Goodman’s projects are strategically located in metropolitan areas with significant power availability. This positioning offers the company a competitive edge in the rapidly growing data center market. "The scale and locations of our powered land bank is rare. Construction-ready powered sites take many years to acquire, plan, secure power, undertake infrastructure works, and ultimately deliver", Greg Goodman said.
Looking ahead, Goodman expects its enhanced power bank to drive further expansion. The company sees strong growth potential as demand for digital infrastructure outpaces supply in its markets. "Demand for digital infrastructure in our markets is expected to materially exceed supply over the foreseeable future. Goodman has a significant opportunity to develop into this strong demand, given our metropolitan sites, significant power bank, strong capital position, and expertise in complex infrastructure", Greg Goodman concluded.
With its continued investment in data centers and a growing power bank, Goodman Group remains well-positioned to provide critical infrastructure for the digital economy in an increasingly connected world.
