Barings, one of the world’s largest diversified real estate investment managers, is pleased to announce execution of the off-market acquisition of Smithfield Industrial Estate, comprising 317–321 and 364–384 Woodpark Road, Smithfield, Sydney.
Completed via Barings’ fifth Real Estate Australia Value Add Fund (“BRAVA V”), the transaction is one of three seed multi-sector Sydney assets in the Fund, totaling A$686 million, and underscores Barings’ commitment to investing in high-quality, strategically located industrial assets in Australia.
The acquisition was brokered off market via Shaun Timbrell and Jason Edge of CBRE, and Trent Gallagher from Colliers, and demonstrates Barings’ deep relationships and strong reputation for executing transactions with committed capital from its funds and mandates.
The Smithfield Industrial Estate consists of two multi-unit estates on opposite sides of Woodpark Road, offering a combined gross lettable area of 31,983 sqm across a 56,995 sqm site. The properties feature 52 individual tenancies, including an onsite café, providing flexible accommodation for a diverse range of tenants. The estate is strategically positioned approximately 28 km west of Sydney CBD and 7 km southwest of Parramatta, with excellent access to major transport infrastructure, making it a sought-after location for logistics, distribution and manufacturing businesses.
Shaun Hannah, Managing Director, Real Estate at Barings, said “This acquisition provides Barings with exposure to Sydney’s tightly held industrial market, which continues to benefit from strong tenant demand, limited new supply, and robust underlying land values. Smithfield Industrial Estate’s multi-tenanted profile and significant value-add potential align with our strategy to deliver resilient income and capital growth for our investors.”
The Smithfield acquisition further diversifies Barings’ Australian portfolio and positions BRAVA V to capitalise on structural tailwinds in the industrial, retail, office, and residential sectors.
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