This article is from the Australian Property Journal archive
GOODMAN Group has unveiled plans to rebrand the listed Tokyo Stock Exchange Japanese property group, J-REP Co. Ltd, as Goodman Japan Limited.
The rebranding has been approved by the J-REP board of directors subject to the approval of J-REP shareholders at an extraordinary meeting scheduled for 26 September 2011.
Goodman holds a 50% interest in Macquarie Goodman Japan Pte. Ltd, a joint venture with Macquarie Group. MGJ is the majority and controlling shareholder of J-REP holding 72% of its voting stock (83% on a fully diluted basis).
Goodman Group CEO Greg Goodman is excited to launch the Goodman brand in Japan.
“As the third largest economy in the world, Japan is home to a number of major corporations and third party logistics providers, who are driving demand for modern and flexible logistics space. The rebranding provides Goodman with the opportunity to grow our business in the Japanese logistics market,” he added.
J-REP currently has $A1.0 billion (¥87.4 billion) of assets under management across 27 logistics properties, predominantly in the Greater Tokyo and Osaka regions.
Looking ahead Goodman said the business will grow by developing new facilities and through acquisitions.
J-REP and Goodman are currently assessing a number of attractive acquisition and development opportunities with an end value in excess of $A1.2 billion (¥100 billion).
“We have access to capital, our Japanese platform is well established and our Japanese team is experienced and motivated with a proven track record. This positions us very well to work with customers looking to expand their businesses in and outside of Japan.” he concluded.
Australian Property Journal
