GMG Goodman Group

   By Ray Brindal 
 

CANBERRA--Goodman Group (GMG.AU) said Wednesday it plans to enter the North American real estate market via a $1.5 billion partnership with California-based Birtcher Development & Investments, focussing on the development of logistics and industrial facilities.

Initial equity commitments will be about $800 million, Goodman said in a statement.

Goodman is in the final stages of due diligence with a "major" capital partner, it said.

Write to Ray Brindal at ray.brindal@wsj.com