Goodman Group

GMG: XASX (AUS)

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Goodman: Global Spending Spree on Data Centers Could Mean Declining ROICs

Yingqi Tan

Dec 2, 2025

According to the Australian Bureau of Statistics' latest data release at the end of November, total new private capital expenditure reached the highest level in more than a decade, adjusted for price changes. The 7% year-on-year growth was largely driven by a surge in data center spending.

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Goodman: Global Spending Spree on Data Centers Could Mean Declining ROICs

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