IndustrialPatrick LauMon 08 Jun 26
Mitsubishi, ESR Partner on $700m Logistics Hub in Sydney’s West
An 18.3ha industrial estate at Huntingwood will commence construction in the second half of 2026, after ESR and Mitsubishi Estate Asia signed a $700-million development partnership deal.
Completions in three stages are projected from the second half of 2027 onwards, for 114,000sq m of warehouse space.
ESR is already marketing tenancies at the site on August Street at Blacktown. About 9km west of the Parramatta CBD and 19km northeast of the Western Sydney International Airport, the site is directly accessible from both the M4 and Great Western Highway.
The partnership is the second in two years for ESR and Mitsubishi Estate Australia, after a 2024 deal over a Pakenham industrial project. The ESR development pipeline now sits at $10.2 billion across Australia and New Zealand.
After completing a privatisation and delisting procedure from the Hong Kong bourse in July 2025, Asia-Pacific asset manager ESR revealed a new ownership structure and leadership team focused on logistics and data centre assets.
A Western Sydney rollout has since included approvals at a $320-million Horsley Park logistics hub, and the $92-million second stage of the Westlink Industry Park within the Mamre Road precinct of the Aerotropolis.
Meanwhile, Mitsubishi has been placing stakes in projects across the country, building a portfolio in the vicinity of $18 billion. The investor is among the leaders as Japanese capital cycles back into Australian property.
A September 2025 deal saw the Tokyo-listed company land an equal position in Mirvac’s $2.3-billion Harbourside development, in Sydney’s Darling Harbour.
In February, Mitsubishi Estate announced an intention to sell down a 40.9 per cent stake in the Stockland Residential Rental Partnership, a vehicle operating six land lease communities with a 2025-home portfolio across South-East Queensland and Melbourne.
