Goodman Group establishes $21.19b data center partnership

2.3 million sq. ft. across six assets including two data centers under construction

Goodman Group has established the Goodman Hong Kong Data Centre Partnership (GHKDC), a US$2.7b investment vehicle dedicated to data centres, it announced on 4 July 2025.

The initial portfolio includes four fully stabilized and two constructing data centers with a total lettable area of 2.3 million square feet.

Once complete, the six assets will have over 180MW of IT load and 325 MVA of primary utility power.

Goodman holds 20% cornerstone stake in the assets, alongside institutional and sovereign wealth partners that included PGGM, APG, Canada Pension Plan Investment Board (CPP Investments), CBRE Investment Management’s Indirect Private Real Estate Strategies (CBRE IM Indirect) and a Middle Eastern investor.

Goodman’s portfolio accounts for approximately 30% of Hong Kong’s data centre market by power capacity.