Goodman (ASX:GMG) share price soars 9% on data centre partnership

Group 1 - Goodman Group's share price increased by 9% following the announcement of a European data centre partnership [1] - The partnership with Canada Pension Plan (CPP Investments) involves a total investment of A$14 billion, with an initial capital commitment of A$3.9 billion [2] - The partnership aims to develop data centre projects in key European cities: Frankfurt, Amsterdam, and Paris [2][5] Group 2 - The European project will consist of four data centres, with a combined primary power of 435 MW and an IT load of 282 MW [5] - Construction is expected to begin by June 30, 2026, with secured power connections and planning permits already in place [5][7] - Goodman has a significant pipeline of projects, with 57% of its development work in progress focused on data centres, aligning with the growing demand for cloud computing and AI [8] Group 3 - Goodman and CPP Investments have a long-standing partnership since 2009, with this being their first data centre collaboration in Europe [4] - CEO Greg Goodman highlighted the rarity and quality of the portfolio in Europe's FLAP markets, emphasizing the importance of speed to market and delivery certainty [6] - The share price has seen a decline of over 11% in the past year, indicating reliance on capital growth rather than distribution payments [9]