144 Manchester Rd Auburn, NSW 2144

Switchyard is located approximately 3.3 kilometres from Parramatta CBD and 18 kilometres from Sydney CBD. It is well placed to benefit from significant infrastructure investment including the WestConnex project which will provide motorway connectivity to Port Botany and Sydney Airport. The 14-hectare site is a state-of-the-art industrial estate as well as a vibrant employment precinct delivering premium facilities that blend flexible warehousing, office space and small-scale local amenities such as a local cafe totalling approximately 72,000 square metres of floor space.

MIV JV: 51% Mirvac, 49% ART
72,594 SQM

Summary information

Acquisition/Agreement Date Nov-21
Last External Valuation Date Dec-23
Valuation at 31-DEC-23 $178.5m
Valuer Knight Frank
Capitalisation Rate 5.00%
Discount Rate 7.00%
Car Spaces 199
1. Book value represents Mirvac's ownership.

Lease Expiry Profile % Income

Wale: 6.5 YEARS

Major Tenants

Entity Name NLA / GLA SQM Lease Expiry
Nippon Foods 7,847 Sep-33
Entity Name NLA / GLA SQM Lease Expiry
Gilbarco 5,873 Aug-33


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.