Singapore-based real estate investment firm ESR has established a new development partnership with Mitsubishi Estate Asia (MEA) to deliver a prime logistics estate at Huntingwood in Western Sydney, Australia, with AUD 700 million ($503 million) investment.
The ESR Huntingwood Development Partnership (EHDP) will develop the 18.3-hectare site into a premium, multi-stage logistics estate, with construction scheduled to commence in the second half of 2026 and completion targeted from the second half of 2027 onward, ESR said in a statement on Monday.
EHDP marks the second partnership between ESR and MEA in two years, building on the ESR Pakenham Partnership established in 2024. It further strengthens the relationship between the two companies as they continue to expand their presence in Australia’s high-demand logistics sector.
Delivered across three stages, the estate will provide up to 114,005 sqm of modern warehousing space and is expected to attract major domestic and international customers seeking modern, efficient facilities with direct access to the M4 Motorway and Great Western Highway.
The partnership reflects sustained customer demand for premium logistics space, supported by ESR’s development pipeline of over AUD 10.22 billion ($7.34 billion) across Australia and New Zealand. The Huntingwood estate is designed to meet this need, offering scale and premium facilities in constrained markets.
Phil Pearce, President, ESR, said the partnership demonstrates continued investor confidence in ESR’s Australian platform and development capability.
“This is our second partnership with Mitsubishi Estate Asia in the past two years, and the Huntingwood investment is clear testament of the strength and momentum of this relationship,
“Huntingwood is a premium logistics site in one of Sydney’s most sought-after industrial precincts, and we’re excited to deliver a best-in-class estate alongside a partner who shares our vision for world-class developments in Australia’s key growth markets,” he said.
Yosuke Matsunaga, Head of Australia at Mitsubishi Estate Asia, said the partnership aligns with MEA’s strategy to deepen its exposure to Australia’s logistics sector.
“We are confident that this partnership will further strengthen the relationship between ESR and MEA. Huntingwood offers everything we look for being scale, location, and a development partner with a proven track record. We look forward to delivering something exceptional here,” he said.
According to the statement, Huntingwood Logistics Estate is strategically positioned within Western Sydney, offering connectivity to key freight corridors and proximity to the future Western Sydney International Airport.
Western Sydney continues to record historically low vacancy across core industrial precincts, with limited serviced land available. Demand for well-located development sites remains strong, driven by population growth, infrastructure investment and occupiers seeking proximity to transport networks and labor pools.
The joint venture advances ESR’s capital raising strategy, supporting the accelerated expansion of its development pipeline across core growth markets.
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