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WTGoodman in exclusive Due Diligence on Brazil opportunity

Friday, 22 November 2013

Goodman Group confirms that its Brazilian joint venture, WTGoodman, has made an offer to acquire a portfolio of 34 industrial property assets in Brazil from BR Properties for R$3.18 billion (A$1.49 billion*), subject to certain adjustments.  BR Properties has given WTGoodman a period of exclusivity to conduct due diligence.

The transaction remains subject to due diligence, negotiation of definitive agreements and required regulatory and third party approvals. A further announcement will be made should the transaction progress to execution.

The proposed transaction is consistent with Goodman’s global investment and funds management strategy.

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For further information, please contact;
Greg Goodman
Group Chief Executive Officer
Tel: + 612 9230 7400