Singapore-headquartered real estate investment firm ESR announced a new partnership with Mitsubishi Estate Asia – MEA so as to provide a high-end logistics estate in Sydney at Huntingwood, Western Sydney, Australia, to be precise with an investment of AUD 700 million, which is equivalent to $503 million.
ESR said in a statement on June 1, 2026 that the ESR Huntingwood Development Partnership (EHDP) would develop the 18.3-hectare site into a premium, multi-stage logistics estate, with construction expected to start in the second half of 2026 and completion expected to commence from the second half of 2027 onwards.
The EHDP is the second partnership between ESR and MEA in two years, after the ESR Pakenham Partnership in 2024. It also deepens the partnership between the two companies as they continue to expand their footprint in the high-demand logistics sector in Australia.
This high-end logistics estate in Sydney will be delivered in three stages, offering up to 114,005 sqm of modern warehousing space, and is expected to appeal to major domestic and international customers seeking modern, efficient facilities with direct access to the M4 Motorway and Great Western Highway.
The partnership is a testament to ongoing customer appetite for premium logistics space, backed by ESR’s development pipeline of more than AUD 10.22 billion or $7.34 billion throughout Australia and New Zealand. The Huntingwood estate is developed to meet this requirement, offering scale and premium facilities in constrained markets.
Phil Pearce, President, ESR, said the partnership was a sign of continued investor confidence in the Australian platform and development capability of ESR.
“This is our second partnership with Mitsubishi Estate Asia in the past two years, and the Huntingwood investment is a clear testament to 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 opined.
The partnership was aligned with MEA’s strategy to increase its exposure to Australia’s logistics sector, said Head of Australia at Mitsubishi Estate Asia, Yosuke Matsunaga.
“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.
The statement said Huntingwood Logistics Estate is strategically located in Western Sydney, with access to key freight corridors and proximity to the future Western Sydney International Airport.
Vacancy rates across Western Sydney’s core industrial precincts are at historic lows with little serviced land available. Demand for well-located development sites remains strong, supported by population growth, infrastructure investment and occupiers looking for proximity to transport networks and labour pools.
The joint venture will support the accelerated development of ESR’s development pipeline in core growth markets and will further ESR’s capital raising strategy.
