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KWASA-Goodman Industrial Partnership

KWASA-Goodman Industrial Partnership (KGIP) owns a high quality portfolio of core logistics real estate in New South Wales. The Partnership was established in June 2012 in conjunction with Malaysia’s Employee Provident Fund. 

KWASA-Goodman Industrial Partnership (KGIP) owns a high-quality portfolio of core logistics real estate in New South Wales. The Partnership was established in June 2012 in conjunction with Malaysia’s Employee Provident Fund.

KGIP is focused on stable income driven returns with potential for income growth and capital appreciation. The partnership provides partners with a high-quality, well-located portfolio secured by strong lease covenants.

The Partnership services a diverse portfolio of customers across a range of industries featuring; logistics, consumer goods, manufacturing, information technology and automotive. Major customers include Iron Mountain, Mainfreight, DHL and Laminex.

Goodman retains an interest in the portfolio via a 40% equity commitment, with EPF holding the 60% majority share. Goodman provides management services to KGIP on terms generally consistent with arrangements across its existing investment management platform.

Key statistics

Figure Widget

A$850.8 million

total property portfolio

28.1%

gearing

5

investment properties

98%

occupancy

 all figures as at 30 June 2021.

Portfolio

The portfolio consists of 5 warehouse and distribution properties with a combined value of $850.8 million. The Partnership is characterised by strong portfolio metrics including high average occupancy and a WALE of 6.4 years.

Useful information

Management team

Director - Investment Management

Anthony Alexander

+61 2 9230 7400