Mirvac, ART Break Ground on $1.9bn Aerotropolis Precinct
Dirt has been turned on the $1.9-billion SEED first stage by Mirvac and Australian Retirement Trust, with works now under way on the industrial and enterprise precinct 800m from the Western Sydney International Airport.
Minister for Industry and for Building Anoulak Chanthivong was among those on Monday to mark the opening up of the 90ha site for an eventual yield of 17 sheds and office buildings. Another 42ha will be dedicated to natural open space.
The first stage will deliver 139,855sq m of gross floor area across seven warehouses at 1669-1723 Elizabeth Drive, Badgerys Creek, with the complex connected to the M7 and M12 motorways. The first warehouse is targeting a mid-2027 completion.
Warehouses in the first stage will range from 4130sqm to 41,640sq m, and 24-hour operations will be permitted. The final complex will include facilities from 2500sq m to 100,000sq m.
A cafe, outdoor breakfast areas, and walking and running tracks alongside the Wianamatta Creek will be included, and Mirvac emphasised Connection to Country principles in design.
Sustainability will be a key feature of the completed precinct. SEED will target a minimum 5-Star Green Star rating, a net positive embodied carbon result, and operational efficiency measures including EV charging, on-site solar and recycled water systems.
Mirvac development chief executive Stuart Penklis said that “early customer interest reflects the strength of the location 800m from Sydney’s only 24-hour airport and the M12 Motorway, in one of Australia's most strategically important growth corridors”.
“SEED offers customers the access and capacity they need to scale with confidence as the region evolves,” Penklis said.
The campus is the third industrial joint-venture between Mirvac and ART, following the Aspect Industrial Estate at Kemps Creek and the Switchyard at Auburn. The SEED stage 1 is 51 per cent Mirvac controlled, with ART picking up a 49 per cent holding in June 2025, while stage 2 is 100 per cent Mirvac-owned.
ART mid risk assets manager Michael Weaver said the project matched ART’s long-term investment strategy and “aligns with our objective to invest for strong, risk-adjusted returns for members, while supporting Western Sydney’s economic development and job creation”.
Mirvac’s $2.4-billion industrial pipeline is entirely weighted to Sydney projects. In December 2025, the property developer and manager reported industrial vacancy rates were sitting at 3.6 per cent across the Sydney metro area, and just 2.6 per cent in the central outer west of Sydney.
Meanwhile, Mirvac is pushing on with a heavy build-to-rent play across the eastern seaboard. Exhibitions were held in March for proposals with a combined yield of 1800 homes at a development cost of $1.2 billion in Green Square, including a build-to-rent component of 511 apartments.
