RF Corval Launches $250 Million Metro Infill Industrial Trust Targeting Girraween

RF Corval has announced the launch of a new $250 million investment trust focused on metro infill industrial assets — starting with a strategic acquisition in Girraween, western Sydney. This move reinforces the growing trend of targeting well-located, city-adjacent logistics properties that benefit from rising last-mile demand, low vacancy, and land scarcity. As industrial investment continues to pivot toward brownfield redevelopment and urban intensification, suburbs like Girraween are becoming critical in the national industrial playbook.

Girraween Is the Blueprint for Metro Infill Investment

Located just 30 minutes west of Sydney’s CBD, Girraween offers a perfect balance of proximity, industrial zoning, and transport access. RF Corval’s acquisition in the suburb reflects a strategic approach to value-add investment in tightly held industrial corridors where long-term tenant demand is all but guaranteed.

• Girraween is positioned between Parramatta and Eastern Creek, giving tenants access to both metro and freight infrastructure.

• The suburb benefits from IN1 General Industrial zoning, allowing flexibility across manufacturing, storage, and logistics.

• Established occupiers include engineering firms, last-mile operators, and light manufacturing tenants seeking secure premises.

Urban Infill Is Leading the Next Industrial Investment Cycle

With greenfield land increasingly pushed to the metro fringe, industrial investment is shifting toward infill opportunities in built-up areas. Investors are chasing properties that offer immediate income, redevelopment upside, and long-term hold value — all while servicing inner-city and suburban demand.

• Infill assets benefit from high land value growth and consistent rental uplift due to location scarcity.

• Tenants are paying premiums to stay close to customer bases, triggering stronger yield compression in urban sites.

• Investors are seeking older buildings with functional layouts and value-add potential via refurbishment or lease reversion.

RF Corval’s Strategy Combines Yield and Upside

The new trust will focus on acquiring high-performing urban industrial assets across Sydney, Melbourne, and Brisbane. The goal is to balance stable income from established tenants with potential for future redevelopment or leasing upside. The trust is expected to be oversubscribed by capital groups looking to ride the next wave of metro industrial growth.

• Girraween will act as a seed asset, showcasing the model of buying in low-vacancy, high-demand urban locations.

• RF Corval plans to target properties between $15M–$50M, allowing rapid deployment across multiple markets.

• Assets with stable cashflow and underlying land strength will form the foundation of the diversified portfolio.

Why Metro Infill Industrial Is Outperforming

Infill industrial remains one of the most resilient commercial property classes in the country. It benefits from high barriers to entry, limited competing supply, and broad tenant appeal — from trade to logistics to niche manufacturing. Investors are now prioritising these locations for their inflation-hedging ability and long-term scarcity value.

• Vacancy rates in metro industrial precincts sit below 1.5% in Sydney and Melbourne, putting upward pressure on rents.

• Land value growth continues to outpace other commercial asset classes due to locational advantages.

• Redevelopment pathways such as strata subdivision, higher-spec fitouts, and multi-tenant estates enhance long-term return potential.

A National Strategy With Local Impact

RF Corval’s focus on metro infill comes at a time when both tenants and capital are migrating inward. While greenfield estates remain important, they often lack the immediacy, access, and infrastructure of infill markets. Girraween — and suburbs like it — represent a scalable model for urban industrial success.

• Inner west and mid-west industrial belts are seeing strong re-leasing performance across 500–5,000sqm units.

• Proximity to motorways, intermodals, and labour pools remains a key selection driver for logistics tenants.

• Institutional buyers are increasingly bundling infill assets into multi-asset portfolios with long-term hold strategies.

How Commercial Property Marketing Can Help

At Commercial Property Marketing, we help position infill industrial assets with clarity and confidence. Whether you’re preparing a value-add investment presentation, marketing a refurbishment strategy, or showcasing proximity benefits, we build the materials that drive leasing, investment, and confidence.