Macquarie goodMan. REIT and Property Securitization

Macquarie Goodman drops on merger talk Australian, Emily Pettafor Following Macquarie Goodman's announcement of plans to internalise the management of its $3.2 billion industrial trust to seek growth opportunities in Asia, stocks in both Macquarie Goodman Management and Macquarie Goodman Industrial Trust have fallen. The former dropped 13 per cent to close at $3.47; the latter dropped 8c to close ar $1.94. As with the Westfield Group, Macquarie's strategy is to sacrifice growth to become part of a larger entity. © Media Monitors 2004