ESR has established a new development partnership with Mitsubishi Estate Asia (MEA) to deliver a US$490 million ($626.12 million) prime logistics estate at Huntingwood in Western Sydney, Australia, it announced on June 1.
The ESR Huntingwood Development Partnership (EHDP) will develop the 18.3ha site into a premium, multi-stage logistics estate, with construction scheduled to commence in 2H2026.
Expected to be completed from 2H2027, the second partnership between ESR and MEA in two years builds on the ESR Pakenham Partnership established in 2024.
Delivered across three stages, the estate will provide up to 114,005 sqm of modern warehousing space. The site enjoys direct access to the M4 Motorway and Great Western Highway.
Huntingwood Logistics Estate is located within Western Sydney, offering connectivity to key freight corridors and proximity to the future Western Sydney International Airport.
According to ESR, 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 labour pools.
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The partnership reflects sustained customer demand for premium logistics space, supported by ESR’s development pipeline of over A$10.2 billion across Australia and New Zealand as at Dec 31, 2025.
The Huntingwood estate is designed to meet this need, offering scale and premium facilities in constrained markets, according to ESR.
ESR president Phil Pearce says 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 [a] clear testament of the strength and momentum of this relationship.”
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Yosuke Matsunaga, head of Australia at MEA, says the partnership aligns with MEA’s strategy to deepen its exposure to Australia’s logistics sector.
“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,” adds Matsunaga.
