Mayfield Group expands capacity with $8.4M Royal Park acquisition

Mayfield Group (ASX:MYG) has acquired an $8.4 million, 10,410sqm industrial property at 1180 Old Port Road, Royal Park, immediately adjacent to its BE Switchcraft operations, as it moves to expand capacity amid a $30 million pipeline of secured contracts.

The debt-funded acquisition delivers immediate operational synergies, including shared overhead crane access, consolidated inventory, eliminated inter-site logistics and the termination of a Tugger Way lease, generating annual savings of approximately $240,000 while preserving $16.3 million in cash reserves.

The site will support expanded electrical fit-out and fabrication capability for BE Switchcraft, enable consolidation of corporate functions and major project delivery for Mayfield Industries, and reduce reliance on external leasing.

The investment aligns with strong demand across data centre, renewable energy, mining, water infrastructure and defence sectors, where recent contract wins and work-in-hand validate the timing of the expansion and position the group to convert its growing pipeline into sustained revenue growth.

At the time of reporting, Mayfield Group's share price was $3.07.