Goodman Group welcomes rising consumer expectations

Goodman Group has announced its results for the full year ended 30 June 2017, delivering an operating profit of $776 million, up 8.6% on FY16.

Goodman, an integrated commercial and industrial property group, owns, develops and manages real estate including warehouses, large-scale logistics facilities, business parks and offices globally. It is the largest industrial property group listed on the Australian Securities Exchange.

Commenting on the result, Greg Goodman, CEO, Goodman Group, said, “Our FY17 operating profit of $776 million is the result of strong operational performance and the deliberate repositioning of our business over the last three years.

“Having positioned our business to take advantage of structural changes, we’re now looking to the future. Rapidly advancing technology and increased consumer expectations around price, product availability and delivery – while disruptive for some businesses – are providing us with opportunities.

“Although the evolution of e-commerce and supply chain transformation are still in their early stages, we are seeing increased demand for our expertise in providing high-quality logistics facilities in prime locations. This is a trend we expect to accelerate over the next five to ten years.”