Madigan Capital has closed a $625 million senior debt facility to fund the development of a major industrial estate in Western Sydney, marking one of the largest non-bank logistics financing deals in the country this year.
The capital will support the initial delivery of four state-of-the-art warehouses totalling 115,000 square metres of net lettable area, forming the first phase of a broader 580,000 square metre logistics precinct. Strategically located near the new Western Sydney Airport, the site is expected to play a significant role in addressing growing demand for premium warehousing space in the region.
Madigan partnered with two unnamed institutional investment firms to structure the financing arrangement, offering a bespoke debt solution tailored to the needs of the project sponsor. While the identity of the sponsor has not been disclosed, the scale and scope of the project underline continued investor confidence in industrial assets with long-term growth potential.
“This transaction highlights the continued strength and appeal of well-sponsored, high-quality Australian industrial real estate development,” said Madigan Capital CEO Chris Wilson. “It also reinforces the important role for non-bank financiers in delivering aligned real estate finance solutions.”
The financing aligns with Madigan’s strategic focus on the logistics and industrial sector, which it views as a resilient asset class with strong fundamentals and risk-adjusted returns. The company has recently released a paper titled Market Profile and Prospects – Industrial, outlining its long-term conviction in the sector.
Formed in 2016, Madigan Capital is an Australian real estate debt asset manager with investments across commercial, industrial, and social infrastructure sectors. The firm is majority-owned by senior executives, with a strategic interest held by European investment firm CC Real GmbH. It manages funds on behalf of domestic and international institutional investors, with a focus on credit strategies secured by underlying real estate assets.
The Western Sydney logistics precinct is expected to attract occupier interest, supported by its proximity to key freight corridors and future airport infrastructure. Further development stages are anticipated as the project advances.