Barings has expanded its Australian industrial footprint with the off-market acquisition of the Smithfield Industrial Estate in Sydney. Purchased through the BRAVA V fund, the estate covers nearly 57,000 square metres and supports 52 tenancies. The site is strategically located near Parramatta and major freight corridors, offering significant value-add potential. This deal is one of three initial Sydney investments for the fund, which now totals A$686 million in assets.
Emirates Global Aluminium and Sunstone have announced a $300 million joint venture to build a major anode manufacturing plant in the UAE. Scheduled for construction in 2026, the facility will produce 300,000 tonnes of anodes annually, significantly reducing the country’s reliance on imports. The project marks Sunstone's first manufacturing expansion outside of China and is a key part of the UAE's Operation 300bn industrial growth strategy.
Watts Water Technologies Inc., a world leader in water solutions, has successfully purchased Saudi Cast. This strategic purchase was completed on December 1, 2025. It was financed using Watts’ existing cash reserves. Saudi Cast brings annualised sales of about $20 million to Watts. The acquired business will now operate within the APMEA regional segment. The move expands Watts’ operational reach in the Middle East.
Colliers has launched the exclusive investment offering of a ±295-acre industrial development site adjacent to the Paso Robles Municipal Airport on California’s Central Coast. The land is strategically positioned within the City's proposed "Tech Corridor" and is one of the largest parcels available for manufacturing, logistics, aerospace, and technology operations. The potential for an FAA spaceport license at the airport is driving the region's transformation from a wine centre to a hub for innovation and advanced manufacturing.
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