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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. 

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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 and long term lease term. 

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 an initial 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

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A$718.1 million

total property portfolio

33.2%

gearing

5

investment properties

95%

occupancy

 all figures as at 30 June 2020.

Portfolio

The portfolio consists of 5 warehouse and distribution properties with a combined value of $718.1 million. The Partnership is characterised by strong portfolio metrics including high average occupancy and a WALE of 6.7 years.

Useful information

Management team

Director - Investment Management

Anthony Alexander

+61 2 9230 7400