ESR buys into Badgerys Creek

A land banker recently sold 140 Martin Road for seven times what they paid in 2016.

ESR Australia has forged into the burgeoning Badgerys Creek industrial market, snaring a 17 hectare site for $70 million.

An 80 hectare Luddenham parcel is for sale with c$70m price hopes.

On Martin Road, the Priority 1 zoned farm is expected to make way for four warehouses, potentially able to yield c80,000 square metres of product.

Also this week we are reporting Lendlease bought a Smithfield site to rebuild.

The land is about three kilometres from the Western Sydney Airport, due to open in 2025/2026.

Local land values have been booming in anticipation – with a Badgerys Creek Road parcel opposite Sydney’s proposed “third CBD”, Bradbury, setting a street record, and another, on Lawson Rd, breaking a watermark for unserviced land.

In July, we reported a land banker reaped $10.23m – seven times their 2016 outlay – for a 5.6ha parcel at 140 Martin Rd.

Colliers’ Harry Bui brokered the ESR deal on behalf of a Vietnam based investor.

The agency late last year listed an 80.1ha WSA gateway site at Luddenham, with c$70m price hopes (story continues below).

ESR expands in Sydney’s west

Aware Super, Frasers Property Industrial, Goodman and Stockland are amongst the major landowners in the suburb, Kemps Creek and Luddenham.

Last March, DHL secured a 24ha property to occupy opposite the Wester Sydney Aerotropolis, outlaying over $140m.

ESR controls the Bringelly Business Hub at Leppington, about 12km south east of there.

In June the group outlaid $143m for a 4.3ha site at Banksmeadow, near Sydney Airport, with plans for its first multi-level industrial investment.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of