Brickworks and Goodman shares jump on Amazon deal

Brickworks Limited (ASX:BKW) and Goodman Group (ASX:GMG) shares are pushing higher after announcing a major deal with Amazon…

| More on:

Should you invest $1,000 in Althea Group Holdings Limited right now?

Before you buy Althea Group Holdings Limited shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Althea Group Holdings Limited wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 30 April 2025

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Both the Brickworks Limited (ASX: BKW) share price and the Goodman Group (ASX: GMG) share price are pushing higher on Tuesday after a positive update on their 50:50 joint venture – JV Trust.

At the time of writing the Brickworks share price is up over 5% to $15.68 and the Goodman share price is up 1.5% to $15.25.

What was the update?

This morning Brickworks announced that a lease pre-commitment for 20 years with ecommerce behemoth Amazon has been secured at JV Trust's Oakdale West Estate in Western Sydney.

Amazon is the second customer to pre-commit to the new state of the art distribution facility at Oakdale West. This follows the announcement of an agreement with supermarket giant Coles Group Ltd (ASX: COL) in January 2019.

The target building completion date is in the second half of 2021. Following completion of the two facilities, the gross assets held within the various JV Trust assets across Western Sydney and Brisbane is expected to exceed $3 billion.

In addition to this, JV Trust has sufficient remaining land to provide in excess of a five-year development pipeline.

Brickworks Managing Director, Mr Lindsay Partridge, commented: "Brickworks is delighted to further strengthen the JV Trust by securing this significant pre-commitment. Amazon is well known around the world as a symbol of the accelerating trend to online shopping. We are at the forefront of the ecommerce revolution, with our facilities playing a pivotal role in helping our customers meet the supply chain needs of this new economy."

"We are also excited by the design of the facility, which responds to the increasing need for technology innovation from our customers. This project will deliver profit during the development phase and further rental income for the Property Trust once complete," he added.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Brickworks. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Gainers

Man standing on rock next to turquoise salt lagoon.
Share Gainers

Here are the top 10 ASX 200 shares today

The ASX 200 finally had a green session this hump day.

Read more »

Man pointing at a blue rising share price graph.
Share Gainers

Guess which ASX 300 stock just rocketed 17%!

Investors are sending the ASX 300 stock soaring higher on Wednesday. But why?

Read more »

A young woman wearing overalls and a yellow t-shirt kicks one leg in the air showing excitement over the latest ASX 200 shares to hit 52-week highs
Share Gainers

Why Firefly, Kelsian, NAB, and Zip shares are roaring higher today

These shares are having a good time on hump day. Let's find out why.

Read more »

A woman's hand draws a stylised 'Top Ten' on a projected surface.
Share Gainers

Here are the top 10 ASX 200 shares today

It was another tough day for investors this Tuesday.

Read more »

A man clenches his fists in excitement as gold coins fall from the sky.
Share Gainers

Why Dimerix, Evolution Mining, Inghams, and NextDC shares are charging higher today

These shares are rising when many are falling today. But why?

Read more »

A neon sign says 'Top Ten'.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a rough trading day for ASX stocks this Monday.

Read more »

Two happy excited friends in euphoria mood after winning in a bet with a smartphone in hand.
Share Gainers

Why 4DMedical, Gold Road, Syrah, and Tyro shares are racing higher today

These shares are starting the week strongly. But why?

Read more »

Rising gold share price represented by a green arrow on piles of gold block.
Gold

2 ASX gold stocks racing higher in Monday's sinking market

Investors are sending these ASX gold stocks flying higher on Monday. But why?

Read more »