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Soul Patts to pocket $1.89bn from Brickworks divestment
Financial Standard
|June 29, 2026
Washington H. Soul Pattinson & Co is set to receive $1.89 billion after agreeing to divest its stake in Brickworks’ industrial joint venture property trusts to Goodman Group, freeing up capital for future investment opportunities.
The transaction will see Soul Patts sell Brickworks’ investment to the Industrial JV Trust assets to the Goodman Australia Industrial Partnership (GAIP) and Goodman Group entities. The agreed sale price of $1.89 billion aligns with the value of the assets at the time of the recent combination between Soul Patts and Brickworks.
Soul Patts chief executive and managing director Todd Barlow said the transaction would provide the investment house with greater flexibility to pursue opportunities across local and global markets.
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