ASX:GMGIndustrial REITs
Goodman Group (ASX:GMG) Is Up 6.7% After LA Data Center JV Announcement With DataBank - Has The Bull Case Changed?
In early April 2026, DataBank announced it had formed a 50/50 joint venture with Goodman Group to develop a new 32MW data center in Vernon, Los Angeles, with initial 6MW capacity targeted for December 2026 and the remaining 26MW to be phased in through to September 2027.
This partnership highlights Goodman’s push into power-secure, low-latency data center infrastructure as part of its US$12.40 billion global work-in-progress pipeline spanning industrial and data center projects.
We’ll now...