Nov 08, 2025 | Posted by Abdul-Rahman Oladimeji
Goodman Group expects its work-in-progress pipeline to hit a record AU$17.5 billion (US$11.3bn) next year, driven by the growth of its data center business. Goodman said it currently has AU$12.4 billion (US$8bn) of work in progress, with data centers representing 68 percent of this. The figure is expected to rise to AU$17.5 billion by June 2026, with 75 percent of the work being data center-related.
CEO Greg Goodman said: “Hyperscale capex programs are growing strongly, and our metropolitan locations are central to serving cloud and related AI requirements. Our development activities are forecast to increase significantly through to June 2026. Commencing construction will allow us to build into demand and gain delivery timing advantages in supply-constrained markets.”
“Most of the work we’re doing is cloud-based and in markets that are currently under-supplied,” he said. “That’s a basic product that we all need. Demand for compute is going to keep growing, even if it’s not at the rate some people think. We’re not building big LLM data centers in the middle of nowhere in the US because we see the value in looking at what the hyperscalers are going to need in the next two-three years and building into that demand.”
