Goodman Property Trust Internalisation Proposal 2024

Goodman Property Trust presents an internalisation proposal to acquire management rights from Goodman Group for $272.4 million, consolidating property ownership and management. The internalisation is expected to reduce expenses, enable fee revenue capture, and establish a funds management platform targeting $2 billion AUM within 3-5 years. Independent Directors unanimously recommend Unitholder approval to support longer-term growth and earnings expansion.