Barings has made an off-market acquisition of Smithfield Industrial Estate, comprising 317–321 and 364–384 Woodpark Road, Smithfield, Sydney.
Completed via Barings’ fifth Real Estate Australia Value Add Fund (BRAVA V), the transaction is one of three seed multi-sector Sydney assets in the fund, totaling A$686 million ($455 million), and underscores Barings’ commitment to investing in high-quality, strategically located industrial assets in Australia.
The acquisition was brokered off market via Shaun Timbrell and Jason Edge of CBRE, and Trent Gallagher from Colliers. It demonstrates Barings’ deep relationships and strong reputation for executing transactions with committed capital from its funds and mandates.
The Smithfield Industrial Estate consists of two multi-unit estates on opposite sides of Woodpark Road, offering a combined gross lettable area of 31,983 square meters (333,681 square feet) across a 56,995 square-meter (613,500-square-foot) site. T
