The ASX-listed industrial property developer, Goodman Group (ASX: GMG), has reported an operating profit of AUD 2.049 billion (US$1.36 billion) for the full year of 2024, marking a 15% uptick from the preceding year. Operating earnings per security (EPS) escalated by 14% to AUD 107.5 cents (US$0.71). Despite the prevailing global economic uncertainties, the group’s focus ...

The city of Buckeye, Arizona, has approved the development of a colossal US$20 billion master-planned data centre campus. Spearheaded by the Denver-based firm Tract, the project will span 2,000 acres and encompass at least 30 data centre buildings. On August 6th, the Buckeye City Council unanimously endorsed a comprehensive development agreement with Tract. The agreem...

Industrial real estate developer Panattoni Development has announced its intention to venture into the data centre arena as infrastructure to support artificial intelligence (AI) adoption prompts industrial titans to pivot into this burgeoning sector.   The Irvine, California-based company plans to develop a gigawatt of data centre capacity over the next five years, a feat...