By a staff reporter
Goodman Group Ltd has completed a fresh equity raising for its industrial real estate investment vehicle Goodman Australia Industrial Fund (GAIF).
In a statement to the Australian Securities Exchange, Goodman said it had raised more than $1 billion, after having raised $624 million at the first close last December.
"As highlighted, a number of investors were completing due diligence at that time, which has now been completed," the group said.
The additional demand was primarily secured from a number of existing GAIF investors, including domestic super funds and large international investors.
"We are very pleased with the strong overall support of GAIF’s investors for this major opportunity to participate in the Australian industrial property market at this point in the investment cycle," Goodman Group chief executive officer and GAIF chairman Greg Goodman said.