macquarie-goodman-fund-raises-hk27-billion

Macquarie Goodman fund raises HK$2.7 billion

The logistics fund is the largest owner of warehouse and distribution properties in Hong Kong.
The Goodman Group has raised HK$2.7 billion $346 million in equity and debt capital for the Macquarie Goodman Hong Kong Logistics Fund.

The fund is an unlisted property trust investing in prime industrial assets throughout Hong Kong. It is focused on providing investors and customers with both a geographically and functionally diverse portfolio concentrating on logistics and warehousing properties. It is jointly run by integrated property developer Goodman and the Macquarie Group, both based in Australia.

The capital raising for the fund will pay for a 50% stake in the Strategic Interlink and Seaview development projects, purchased jointly from Goodman and Macquarie for HK$900 million and to fund its share of development costs...
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