Daily Roundup

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Goodman Group and CPP Investments Launch A$14 Billion European Data Centre Partnership

Goodman Group and Canada Pension Plan Investment Board (CPP Investments) have teamed up to establish a massive A$14 billion (€8 billion) data centre partnership in Europe. The 50/50 joint venture will see an initial A$3.9 billion (€2.2 billion) capital commitment to develop a portfolio of data centre projects across key markets like Frankfurt, Amsterdam, and Paris.

This partnership marks CPP Investments' first major data centre play in Europe, significantly expanding their global data centre footprint. The portfolio will comprise four projects totalling 435 MW of primary power and 282 MW of IT load, providing speed to market with secured power connections and planning permits already in place.

EOS Secures A$33 Million Contract to Support the U.S. Army

Defence technology company Electro Optic Systems (EOS) has landed a major contract win, securing a US$22 million (A$33 million) deal to deliver Remote Weapon Systems to a prime contractor for integration onto a major U.S. Army ground combat vehicle. This represents EOS' long-awaited entry into the lucrative U.S. defence market with its current generation of advanced RWS technology.

The multi-year agreement will see manufacturing take place at EOS' facility in Huntsville, Alabama, further establishing the company's presence in the United States. EOS believes this contract could lead to future large-scale production orders, although there are no guarantees.

Earlypay Withdraws FY26 Earnings Guidance

In a trading update, Earlypay has announced that it is withdrawing its previously issued FY26 earnings guidance of 15-20% higher earnings per share compared to FY25. The company has faced increased costs associated with implementing a new Invoice Finance loan management system, as well as higher-than-expected credit loss expenses in its Equipment Finance division.

Additionally, Earlypay has seen a moderation in Invoice Finance funds-in-use growth and customer utilisation in December, although new originations remain solid. The board has determined that maintaining quantitative guidance would not be appropriate at this time and intends to provide updated earnings guidance following the release of the company's half-year results in late February.

Lendlease Secures $3.7 Billion Sydney Metro Development

Lendlease has scored a major win, securing the Sydney Metro Hunter Street West Over Station Development project. The deal includes a $1.5 billion contract to construct the metro station, as well as a $2.2 billion premium commercial tower development.

The 52-storey commercial tower is expected to comprise up to 58,000 square metres of leasable space and 1,000 square metres of retail. The project is targeted to commence in FY27 and complete in 2032, in line with the station's planned opening. This new development adds to Lendlease's secured construction pipeline and contributes to the company's target of more than $10 billion in new opportunities in FY26.

Metgasco Extends Timetable for Vintage Sale Agreement

Metgasco has provided an update on the proposed sale of its 25% non-operated interests in the Odin Gas Field and Vali Gas Field joint ventures to Vintage Energy. The target date for Vintage's commitment (and potential shareholder approval) has been extended by one month to 31 January 2026, while the completion date remains unchanged at 31 March 2026. There has been no change to the date for Metgasco's Extraordinary General Meeting scheduled for 14 January 2026.