Global investment manager Barings has completed the off-market purchase of the Smithfield Industrial Estate in Western Sydney. The deal was executed through the firm’s fifth Real Estate Australia Value Add Fund, known as BRAVA V. This acquisition is part of a larger A$686 million investment in three seed multi-sector assets located across Sydney.

The estate comprises two multi-unit sites situated on opposite sides of Woodpark Road. Spanning a total land area of 56,995 square metres, the property offers 31,983 square metres of gross lettable area. The site is currently home to 52 individual tenancies and includes an onsite café. Its location 28 kilometres west of the Sydney CBD and 7 kilometres from Parramatta provides tenants with convenient access to major transport routes, making it a key hub for logistics and manufacturing.

The transaction was brokered off-market by Shaun Timbrell and Jason Edge of CBRE, alongside Trent Gallagher of Colliers. Barings noted that the acquisition highlights its ability to secure high-quality assets through established industry relationships and committed capital.

“This acquisition provides Barings with exposure to Sydney’s tightly held industrial market, which continues to benefit from strong tenant demand, limited new supply, and robust underlying land values,” said Shaun Hannah, Managing Director of Real Estate at Barings. “Smithfield Industrial Estate’s multi-tenanted profile and significant value-add potential align with our strategy to deliver resilient income and capital growth for our investors.”

The addition of the Smithfield site further diversifies the Barings Australian portfolio. The BRAVA V fund is now positioned to leverage growth trends across the industrial, retail, office, and residential sectors. Barings continues to target assets that offer both immediate income stability and long-term capital appreciation.

About Barings

Barings is a US$470+ billion* global asset management firm that partners with institutional, insurance, and intermediary clients, supporting leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, leverages its global scale and capabilities across public and private markets in fixed income, real assets, and capital solutions.