Tuesday, 05 June 2012
Goodman Group CEO, Greg Goodman said: “We are delighted to be establishing this new relationship with EPF. Adding EPF to our global platform is another important step in the expansion of the Group’s funds management platform. Major global investors continue to target high quality income producing investments in a structure that provides access to a specialist team with strong alignment. We look forward to expanding our relationship with EPF in the near future.”
Goodman will provide management services to the portfolio on terms generally consistent with arrangements across its existing funds management platform.
As at 31 December 2011, EPF had assets under management in excess A$ 150 billion, with an underweight exposure to industrial and logistics real estate investment. The relationship with Goodman provides EPF with the opportunity to invest in prime quality logistics assets, with a leading, specialist industrial property group.
EPF’s Deputy CEO (Investment) Dato’ Shahril Ridza Ridzuan, said: “EPF intends to increase its exposure to real estate, by investing with best in class property groups around the world. Our selection of Goodman as our global investment partner for logistics real est ate was driven by their reputation, knowledge as a global sector specialist and high quality portfolio. Goodman’s ability to demonstrate their alignment of interest by investing alongside EPF was a key differentiating factor.”
As at 31 December, Goodman had a development book of A$2.1 billion, with total assets under management of A$18.9 billion.
“The relationship enables the Group and our managed funds to recycle assets to fund future development commitments and other growth opportunities in new markets, while retaining management of the assets.” Mr Goodman concluded.
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For further information, please contact Goodman:
Group Chief Executive Officer
+61 2 9230 7400
Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe and the United Kingdom. Goodman Group, comprised of the stapled entities Goodman Limited and Goodman Industrial Trust, is the largest industrial property group listed on the Australian Securities Exchange and one of the largest listed specialist fund managers of industrial property and business space globally.
Goodman’s global property expertise, integrated own+develop+manage customer service offering and significant fund management platform ensures it creates innovative property solutions that meet the individual requirements of its customers, while seeking to deliver long-term returns for investors.
For more information please visit www.goodman.com
About the Employees Provident Fund
The Employees Provident Fund (EPF) is Malaysia’s premier retirement savings fund, providing basic financial security for retirement. The Fund is committed to preserving and growing the savings of its members in accordance with best practices in investment and corporate governance. It will always be guided by prudence in its investment decisions.
As a customer-focused organisation, EPF delivers efficient and reliable services for the convenience of its members and registered employers.
EPF continues to play a catalytic role in the nation’s economic growth, consistent with its position as a leading savings institution in Malaysia.
Level 17, 60 Castlereagh Street, Sydney NSW 2000 | GPO Box 4703, Sydney NSW 2001 Australia
Tel +61 2 9230 7400 | Fax +61 2 9230 7444 | [email protected] | www.goodman.com
Goodman Limited ABN 69 000 123 071
Goodman Funds Management Limited ABN 48 067 796 641 AFSL Number 223621