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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. 

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

Figure Widget

A$640 million

total assets

37.9%

gearing

5

properties

100%

occupancy

 all figures as at 31 March 2018

Portfolio

The portfolio consists of 5 warehouse and distribution properties with a combined value of $639.4 million. The Partnership is characterised by 100% occupancy and long WALE of 6.9 years.

Useful information

Management team

Director – Investment Management & Group Technical Director

Craig Clark

+61 2 9230 7400

Associate Director – Investment Management

Shoreh Reynolds

+61 2 9230 7400