Brookfield will acquire a multi-tenant industrial asset spanning several buildings on a seven-hectare site within the estate. The 47-hectare Nepean Business Park is less than two kilometres from the Penrith CBD and on the banks of the Nepean River.
Work commenced on construction of the facility this week.
“We have always believed in Penrith and that this region would emerge as a key hub for Sydney in tandem with the new Western Sydney Airport and Aerotropolis,” Precinct Capital chair Bruce Baudinet told The INDUSTRIALIST.
“That a global firm with almost AU$400 billion of property in its portfolio has made this investment is an endorsement of the momentum of Penrith and the Nepean Business Park.
“It’s an endorsement of the NSW Government’s dedication to the west reaching its potential and Penrith City Council’s custodianship of Penrith’s evolving community.”
Upon completion, Nepean Business Park will contribute $500 million annually to Penrith’s economy and create thousands of new permanent local jobs, meaning more skilled workers in local communities can work where they live.
Brookfield’s Thomas Fekete told The INDUSTRIALIST Nepean Business Park’s location at the crossroads of Western Sydney was a key feature in his company’s selection of the site.
“E-commerce growth, increasingly complex supply chains and higher customer expectations are driving demand for modern, well-located warehousing facilities,” he said.
“Facilities like Nepean Business Park that combine commercial and industrial facilities are supported by resilient demand and strong long-term performance.”
Brookfield’s initial investment in Western Sydney is in the Fairfield area.
Progress so far at Nepean Business Park includes completion of the first four stages of the project, and the development will see Penrith’s Great River Walk extended further north to Western Sydney Lakes.
Construction of this section of the Great River Walk will connect the Penrith CBD to Western Sydney Lakes via a safe walking and cycling path.
Precinct and Brookfield have selected the ASX-listed FDC Construction and Fitout Group to build the facility, with site preparation underway ahead of construction commencement later this month.
This article was originally published in The Industrialist on 31 August 2026.
