GIC in Talks to Invest in Goodman’s Data Centers, AFR Says
According to the Australian Financial Review, Singapore's sovereign wealth fund GIC is in talks to invest in data centers owned by Australian property company Goodman Group. While the details of the potential investment are not yet known, this move suggests GIC's interest in expanding its portfolio in the growing data center industry. Goodman Group, a major player in the Australian property market, owns and operates a substantial network of data centers, making it an attractive investment target for GIC. The reported negotiations reflect the increasing global demand for data center infrastructure, driven by the rise of cloud computing, digital transformation, and the need for secure and reliable data storage and processing. If the investment materializes, it could be a strategic move by GIC to diversify its assets and capitalize on the promising growth prospects of the data center sector.
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