Australia’s real estate group Dexus announced it will develop a purpose-built facility that includes manufacturing, warehousing and a corporate head office for Scalzo Foods across 35,300 square metres at 11-167 Palm Springs Road, Ravenhall, Victoria.
The new purpose-built facility is expected to be completed by late 2020.
Scalzo Foods is the first pre-committed development lease to be secured at the Ravenhall estate since it was acquired in December 2018. The estate, known as Horizon 3023, is owned by Dexus, Dexus Wholesale Property Fund (DWPF) and the Dexus Australian Logistics Trust (DALT) partner.
Horizon 3023 is a large 127-hectare site located in a core West Melbourne industrial precinct that is set to benefit in the medium to long-term from its proximity to the proposed Western Intermodal Freight Terminal.
Dexus plans to develop up to 400,000 square metres 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 sevenyear period.
Dexus Head of Industrial Development, Chris Mackenzie said: “We are pleased to welcome Scalzo to our portfolio and work with them to meet their long-term needs.”
“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.”
“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.”
Civil and infrastructure works have commenced at the site to deliver Stage 1 across circa 37 hectares. Stage 1 includes the Scalzo facility in addition to a circa 34,000 square metre Build to Lease facility.
Nick Saunders, National Director, Industrial at Colliers introduced Scalzo.