INDUSTRIAL

SWITCHYARD

144 Manchester Rd Auburn, NSW 2144

Switchyard is located 3.3 kilometres from Parramatta CBD and 18 kilometres from Sydney CBD. It is well placed to benefit from significant infrastructure investment including the $16.8 billion WestConnex project. The 14-hectare site is set to become 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. Mirvac's redevelopment of the site is a joint venture with an investment vehicle sponsored by Morgan Stanley Real Estate Investing (MSREI).

Ownership
51% Mirvac, 49% North Haven Real Estate Fund IX Global

Summary information

Acquisition/Agreement Date Nov-21
Valuation at 30-JUN-22 $67.0m
Expected Development Value On Completion ~$345m
Target Completion FY23
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.