Goodman Property Trust has plans to build a new NZ$300 million ($185 million) fund to build data centers in Auckland, New Zealand, reported media outlets
GMT, the New Zealand–based arm of global real estate investor Goodman Group, expects the value of the fund to grow to NZ$2 billion ($1.23 billion) over the next three to five years.
Goodman does not currently have any data center properties in New Zealand.
James Spence, chief executive of GMT, told RNZ, “Alongside what we do at the moment, which is buying, redeveloping and building high-quality logistics assets, we're also looking at the possibility of data centers in Auckland. The characteristics of a data center are quite similar in shape, size and location as warehouse and logistics spaces.”
