EG Funds has sold two industrial properties from the Australian Core Enhanced (ACE) Fund, both in suburbs of Sydney — 5 Williamson Road, Ingleburn, and 81–87 Beauchamp Road, Matraville — for a combined total of A$101.1 million ($62.4 million), realizing a combined 41 percent uplift in value since acquisition in 2020 and 2021 respectively.
The properties were strategically acquired to capitalize on their untapped potential. At Ingleburn, EG recognized an underrented asset with multiple buildings, offering flexibility for future occupation and the opportunity to curate a diversified tenant mix. This approach positioned the property for rental growth and long-term resilience in the highly sought-after Southwest Sydney industrial market.
Similarly, the Matraville asset was underpinned by a high percentage of underlying land value and significant rental reversion potential. Located in the tightly held South Sydney industrial precinct, the property’s versatility allowe