Goodman warns on China as data centre push gathers speed

Industrial property giant Goodman Group says data centres account for 40 per of its $13 billion of projects underway around the world as it upgraded its earnings guidance for the second time this financial year.

The new forecast of 13 per cent earnings per share growth for the full year came despite Goodman’s third-quarter operational update highlighting that global demand for warehouse space was weakening in markets like China, where an oversupply situation had emerged.