This article is from the Australian Property Journal archive
DEXUS has signed Scalzo Foods to a purpose-built facility at the new $500 million Horizon 3023 estate in Ravenhall in Melbourne’s west.
Scalzo is the first pre-committed development lease to be secured at the Ravenhall estate since it was acquired in December 2018. The estate is owned by Dexus, Dexus Wholesale Property Fund (DWPF) and the Dexus Australian Logistics Trust (DALT) partner.
Scalzo has secured a 35,300 sqm facility at 11-167 Palm Springs Rd, which will include manufacturing, warehousing as well as serve as the corporate head office. It is expected to be completed by late 2020.
Horizon 3023 is a 127-hectare site located in a core west Melbourne industrial precinct.
Dexus plans to develop up to 400,000 sqm of prime commercial and industrial property on the site, providing the opportunity to create circa $500 million of prime industrial product over a five to seven-year period.
Dexus head of industrial development, Chris Mackenzie said proximity to key infrastructure such as major arterial roads, the port and airport, and suburban rail with its own train station have been the key drivers in Scalzo’s decision to partner with Dexus.
“Consumer and technology trends are driving the change to industrial customer needs which is impacting the design and delivery of the new wave of commercial and industrial facilities.
“The demand for new industrial facilities in Melbourne’s West has largely been driven by customers seeking to reconfigure their supply chains and move to purpose-built high quality integrated facilities,” he added.
Mackenzie said industrial customers are consolidating their operations in order to achieve efficiencies, and developers have responded by fully integrating their customers’ operations into the design of the facilities, requiring a higher and earlier understanding of the customers needs.
Colliers’ Nick Saunders introduced Scalzo.
