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Brickworks has launched a $416 million property trust with real estate fund manager Goodman Group. Brickworks will maintain 50.1 per cent ownership of the trust, with Goodman Group holding the remainder.The Brickworks Manufacturing Trust will launch with a portfolio of 15 manufacturing plants tenanted by Brickworks’ businesses, including Austral Bricks, Bristile Roofing and Austral Masonry.Brickworks said that it anticipates property earnings before interest and tax to exceed $620 million for the 2022 financial year, compared to $253 million in the prior year.
Brickworks has launched a $416 million property trust with real estate fund manager Goodman Group. Brickworks will maintain 50.1 per cent ownership of the trust, with Goodman Group holding the remainder.
The Brickworks Manufacturing Trust will launch with a portfolio of 15 manufacturing plants tenanted by Brickworks’ businesses, including Austral Bricks, Bristile Roofing and Austral Masonry.
Brickworks said that it anticipates property earnings before interest and tax to exceed $620 million for the 2022 financial year, compared to $253 million in the prior year.
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