UniSuper has invested in a 280-hectare greenfield logistics development site near the new Western Sydney International Airport (WSA).
The site was acquired in an off-market transaction as a 50/50 joint venture between UniSuper and industry fund investment vehicle ISPT. It came ahead of WSA’s opening in 2026.
The investment aims to take advantage of Western Sydney’s demographic and economic expansion and its rising importance as a logistics and industrial hub.
UniSuper and ISPT aim to deliver a manufacturing, warehouse and logistics estate of over 400,000 sqm of gross floor area over the next seven years as the first stage development for the site, and an expected value on-completion of over $3.9 billion.
The acquisition was negotiated on behalf of the purchasers by real estate investment management firm Richmond Bridge.