Mirvac and ART First Stage for $1.9bn SEED Precinct Greenlit

The first stage of an industrial precinct neighbouring Australia’s newest airport has been waved ahead. Mirvac and Australian Retirement Trust (ART) have secured NSW government approval for the first stage of SEED, their jointly owned precinct in the Western Sydney Aerotropolis. The SEED site is 800m from the Western Sydney International (Nancy-Bird Walton) Airport, which is due to open later this year. The Stage 1 approval covers a concept masterplan for seven warehouse buildings across a 133ha site at 1669–1723 Elizabeth Drive, Badgerys Creek, with a total indicative gross floor area of 139,855 square metres. Stage 1A—the first phase of works under the approval—would deliver bulk earthworks, road construction and two warehouse buildings with a combined gross floor area of 57,965sq m, enabling 24/7 logistics operations. Warehouse sizes across the Stage 1 concept range from 4130sq m to 41,640 square metres. Sustainability targets include net positive embodied carbon certification, a minimum 5-Star Green Star rating, rooftop solar, LED lighting, recycled water systems and electric vehicle charging. The design incorporates a Connection with Country framework developed in consultation with Dharug knowledge holders, drawing on the cultural significance of the Wianamatta Creek corridor. ▲ An indicative rendering of Mirvac and ART’s SEED industrial estate in Western Sydney. A separate application for Stage 2, covering an adjoining northern parcel at 1669A Elizabeth Drive, is progressing through an Environmental Impact Statement stage. That application seeks concept approval for 10 development lots and Stage 2A works, which would deliver five further warehouses with a combined gross floor area of 121,870 square metres. The full SEED precinct, across both stages, would cover 90ha of developable land adjoining 42ha of natural open space, with a total project value of $1.9 billion. Mirvac chief executive—development Stuart Penklis said the company had worked closely with the NSW Government to secure the approval. “We are actively advancing our $2.4-billion industrial development pipeline, which is 100 per cent weighted to prime Sydney locations,” he said. ▲ The seed asset for MIV is The Switchyard in Auburn—a $250-million, 14ha project at 300 Manchester Road. SEED is the third industrial project from the Mirvac–ART partnership, following Aspect Industrial Estate at Kemps Creek and Switchyard in Auburn. ART acquired a 49 per cent stake in Stage 1 in June 2025 . Construction and operational phases across both stages are expected to generate more than 3000 jobs. Mirvac chief executive—investment Richard Seddon said enquiry from prospective tenants had been strong, adding that being close to Sydney’s only 24-hour airport and the near-complete M12 Motorway were key drivers. ART general manager, mid risk assets Michael Weaver said the project would contribute to Western Sydney’s economic development while targeting long-term outcomes for members’ retirement savings.

Industrial
Leon Della Bosca
Mon 02 Mar 26

Mirvac and ART First Stage for $1.9bn SEED Precinct Greenlit

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IndustrialLeon Della BoscaMon 02 Mar 26

Mirvac and ART First Stage for $1.9bn SEED Precinct Greenlit

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Industrial
Leon Della Bosca
Mon 02 Mar 26