Jun 1, 2026 – 6.05pmBacked by industry super funds Aware Super and REST, global investment manager Barings has taken over Goodman Group’s Moorabbin Airport in Melbourne in a $1.5 billion deal, and is adamant aviation will remain a key part of its vast suburban landholding facility in Melbourne’s south-east.Goodman itself retains a small position in the new ownership, a consortium of institutional investors, after the deal was given the all-clear by the competition watchdog last week. For Barings, which has about $670 billion of assets under management globally, the Moorabbin facility brings a generous 294-hectare landholding into its managed portfolio with a diversity of uses in a bayside area of Melbourne that is in growing demand, but where land is tightly held.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles