INDUSTRIAL

ELIZABETH ENTERPRISE

1669-1723 Elizabeth Drive, Badgerys Creek, NSW 2555

Located 800 meters from the proposed Western Sydney airport and eight kilometers from the M7 motorway, Elizabeth Enterprise is expected to benefit from its proximity to approximately $20 billion in infrastructure improvements in the Western Sydney area, including the new Western Sydney Airport, proposed M12 Motorway and North South rail line. Mirvac entered into an agreement in August 2018 to acquire Stage 1 of a future 244-hectare industrial estate at Badgerys Creek with Stage 2 (52 hectares) being acquired in April 2021. Stage 1 settled in August 2021. Stage 1 and 2 were rezoned in September 2020 as part of Tranche 5 of the NSW Planning Acceleration Protocol.

Ownership
100%

Summary information

Acquisition/Agreement Date Apr-21 & Aug-21
Valuation at 30-JUN-22 $221.4m
Expected Development Value On Completion $1.3bn
Target Completion FY24+
Image: artist impression only, final design may differ.
Expected Development Value on Completion: Represents 100% expected end value, subject to various factors outside of Mirvac’s control such as planning, market demand and COVID-19 uncertainties.

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Mirvac acknowledges Aboriginal and Torres Strait Islander peoples as the Traditional Owners of the lands and waters of Australia, and we offer our respect to their Elders past and present.  

Artwork: ‘Reimagining Country’, created by Riki Salam (Mualgal, Kaurareg, Kuku Yalanji) of We are 27 Creative.