Goodman Group's stock price hit its highest level in nearly seven weeks, after the Australian real estate group announced an expanded alliance with Canada's largest pension fund to reach more than 9 billion US dollars. Goodman Group shares listed on the Australian Stock Exchange rose 8.5% to $31.69. The stock's gains made it the best-performing component in the Australian S&P/ASX 200 benchmark index. The stock hasn't hit this level since November 5. Earlier, Goodman Group said it would cooperate with the Canadian Annuity Plan Investment Board to develop data centers in Europe. Goodman Group said the new partnership will be worth 14 billion Australian dollars, equivalent to 9.32 billion US dollars, and will involve an initial capital commitment of 3.9 billion Australian dollars to develop a project portfolio in Frankfurt, Amsterdam and Paris.

Goodman Group's stock price hit its highest level in nearly seven weeks, after the Australian real estate group announced an expanded alliance with Canada's largest pension fund to reach more than 9 billion US dollars. Goodman Group shares listed on the Australian Stock Exchange rose 8.5% to $31.69. The stock's gains made it the best-performing component in the Australian S&P/ASX 200 benchmark index. The stock hasn't hit this level since November 5. Earlier, Goodman Group said it would cooperate with the Canadian Annuity Plan Investment Board to develop data centers in Europe. Goodman Group said the new partnership will be worth 14 billion Australian dollars, equivalent to 9.32 billion US dollars, and will involve an initial capital commitment of 3.9 billion Australian dollars to develop a project portfolio in Frankfurt, Amsterdam and Paris.