CPP Investments and Goodman in A$14bn European Data Centre Push

The latest update is out from Goodman Group ( (AU:GMG) ).

Canada Pension Plan Investment Board and Goodman Group have formed a 50/50 European data centre partnership valued at A$14 billion (€8 billion), with an initial capital commitment of A$3.9 billion (€2.2 billion) to develop a portfolio of large-scale facilities in Frankfurt, Amsterdam and Paris. The Goodman European Data Centre Development Partnership will initially comprise four projects in Europe’s key FLAP markets, offering a combined 435 MW of primary power and 282 MW of IT load with secured power, planning approvals and advanced site works, reinforcing both partners’ strategic push into digital infrastructure and positioning Goodman as a major developer for accelerating cloud and AI-related capacity demand in Europe, while marking CPP Investments’ first dedicated data centre platform in the region.

The most recent analyst rating on (AU:GMG) stock is a Buy with a A$41.50 price target. To see the full list of analyst forecasts on Goodman Group stock, see the AU:GMG Stock Forecast page.

More about Goodman Group

Goodman Group is a global provider of essential infrastructure, specialising in owning, developing and managing high-quality, sustainable logistics properties and data centres in major global cities that underpin the digital economy. Operating across Australia, New Zealand, Asia, Europe, the UK and the Americas, it is the largest property group on the Australian Securities Exchange and one of the world’s largest listed specialist industrial property investment managers, with a portfolio spanning logistics and distribution centres, warehouses, light and multi-storey industrial assets, business parks and data centres aligned to high-value consumer markets.

YTD Price Performance: -18.84%

Average Trading Volume: 3,304,220

Technical Sentiment Signal: Hold

Current Market Cap: A$58.89B

For a thorough assessment of GMG stock, go to TipRanks’ Stock Analysis page.