Ingham Seeks Partner for $714M Aldi Logistics Hub Near Western Sydney Airport

Ingham Property Group is seeking a buyer for a half-stake in a A$1 billion ($714 million) logistics project anchored by German supermarket giant Aldi, as the family-owned developer looks to bring in a long-term partner on the new estate east of the future Western Sydney Airport.

CBRE has been appointed to market the 50 percent interest in the first stage of the Ingham & Co estate in the Badgerys Creek industrial hub, where Aldi has committed to an 87,000 square metre (936,460 square foot) automated distribution centre on a 22 hectare (54 acre) footprint.

The building programme calls for substantial completion in 20 months, timed to coincide with testing and commissioning of the project’s automated materials-handling systems, according to a statement from CBRE and Ingham Property Group.

“This opportunity will be regarded as the most superior offering ever put to the market in Australian industrial and logistics history and will be considered globally significant,” said Chris O’Brien, executive director for Asia Pacific industrial capital markets at CBRE.

Super Prime at Scale

The consultancy described the project as the “first genuine super prime single asset of this scale made available to the Australian market in well over a decade”, pointing to a shortage of large-format development opportunities as occupier demand continues to climb.

The Aldi facility at 475 Badgerys Creek Road in Bradfield will stretch more than half a kilometre in length and rise 47.5 metres (156 feet), with extensive automation across ambient, refrigerated and deep-freezer zones under an agreement for lease running for an initial 20 years with four five-year extension options.

“At circa A$1 billion, all in, the quantum of investment demands that we diversify our capital commitment across our portfolio,” Ingham Property Group CEO Matthew Ramaley said, adding that the process creates an opportunity for a well-capitalised investor to partner with the family on a 40-year lease cycle.

The project marks the latest reinvention of a site acquired by the Ingham family in the 1960s to support its vertically integrated poultry operations in New South Wales, with the Badgerys Creek farm once producing more than 50.1 million fertilised eggs a year.

Bob Ingham sold Inghams Enterprises to US fund manager TPG in 2013 while retaining the family’s property development business and 900 hectares of land across Western Australia, Queensland and New South Wales, including the 182 hectare Badgerys Creek holding.

The land was shifted into the family’s RW Ingham beef cattle breeding operation after poultry farming ceased in 2019, before Ingham Property Group lodged the first Aerotropolis master plan under the New South Wales planning department’s Technical Assurance Panel process in 2022.

That master plan, approved and operational from July 2025, allows industrial and manufacturing buildings with footprints of up to 100,000 square metres and heights of 52 metres, while Endeavour Energy has commissioned a 90-megawatt substation on the estate.

The Commonwealth and New South Wales governments’ 2024 commitment to fund A$2.9 billion in enabling infrastructure gave Ingham and Aldi the confidence to invest at unprecedented scale in the Aerotropolis, Ramaley said, with the family still holding a further 160 hectares for development at Ingham & Co.

Creek Commitments

The marketing campaign follows Goodman Group’s agreement last year to buy a 196 hectare Badgerys Creek logistics site from French building materials giant Saint-Gobain for A$575 million, after the Paris-based group took control of the land through its acquisition of Sydney-based CSR.

Singapore-based ESR also moved into the airport precinct in 2023 with the acquisition of a 17 hectare Martins Road site for A$70 million, with the industrial specialist planning to develop 82,000 square metres of logistics space across four warehouses through its GIC-backed ESR Australia Development Partnership II.

DHL added to the run of major commitments in April last year with plans for a A$181 million logistics precinct across two neighbouring Badgerys Creek sites, where the express giant aims to build and operate four warehouses with more than 126,000 square metres of floor space.