Goodman, One Name Unifying A Global Business

Release Immediate

Goodman, one name unifying a global business

Australian property group Macquarie Goodman has launched a new global brand, uniting its international operations under one name.

The ASX listed Macquarie Goodman has become Goodman with its global operations also adopting the new brand identity. The change follows the recent acquisition of businesses in Europe and Asia together with the sale by Macquarie Bank Limited of its Macquarie Goodman Group security holding in August 2006.

Goodman is an integrated global property group that owns, develops and manages industrial property and business space across Australia, the Asia-Pacific region, Europe and the United Kingdom. With A$35.7 billion of assets under management and 33 offices in 20 countries it is the second largest industrial property company in the world.

In New Zealand the Group is the cornerstone investor and manager of the Goodman Property Trust (formerly the Macquarie Goodman Property Trust), the country's leading industrial and business space provider. Under the management of Goodman the Trust has grown from $225 million in total assets in 2004 to $1.2 billion in 2007 and following its inclusion in the NZX15 Index it is now recognised as one of the country's leading investment vehicles.

The Group is also one of the joint venture owners of the successful Highbrook Business Park development on Auckland's Waiouru Peninsula.

Greg Goodman, Group CEO, said, "We have developed our business model in the Australian and New Zealand markets over the last decade and have recently expanded into the United Kingdom and Europe. Our model is based around our people and a client service focus. The way we do business has driven our success and although our corporate identity has changed, our business offering remains the same."

Goodman (NZ) Limited's Chief Executive Officer, John Dakin said, "The Group's strategy is to integrate all of its global entities under a single brand to present a clear and consistent global image. We are excited to be part of this new era and look forward to introducing the new corporate identity to our customers, investors and the wider public."

ENDS

© Scoop Media