Diversified asset owner, developer and builder Pellicano has unveiled the first deals across its newest industrial project, Eclipse Business Park in Dandenong South, encompassing over 31,000sqm across two warehouses which will have an end value of $85 million when complete.
The first deal will see Dexion Victoria and National Make Good Solutions moving into a 16,616sqm facility – which is now under construction – and includes a 15,766sqm warehouse and an 850sqm office, on a 7.5-year term. The deal was negotiated directly through Pellicano, and represents the third facility the developer will build for Dexion.
Meanwhile next door, sustainable packaging manufacturer Orora has signed a long term lease for a 14,647sqm warehouse facility with a 2,750sqm canopy.
Orora was seeking an efficient distribution facility, with its cans manufacturing facility located across the road from Eclipse Business Park, while racking supplier Dexion committed to the first pre-lease deal following its long-standing relationship with Pellicano.
Eclipse Business Park benefits from exceptional connectivity to the South Gippsland Highway, Eastlink, Dandenong Bypass and Princess Highway, and is located just 45 minutes from the Melbourne CBD.
For managing director Renato Pellicano, the pre-lease commitments are reflective of the premium offering of Eclipse Business Park, the Pellicano brand and the connectivity of the site to the surrounding road network.
“ The industrial market has seen significant growth over the last few years, even during the recent turbulence in the broader market.
“ We have always seen Dandenong South as a strong corridor for industrial property, with its prime location being highly accessible to main arterial roads and the surrounding workforce, yielding a high growth environment for our clients.
“ The Dexion commitment is particularly pleasing for the Pellicano family as this will be its third relocation with us. As they have grown, our hands-on relationship management and our ability to manage everything from design to delivery in-house has made us the perfect partner to satisfy their growth needs.”
Stuart Ward, Dexion Managing Director, said ”Our long-standing relationship with Pellicano has always been built on trust and their proven ability to deliver. This new state-of-the-art facility at Eclipse Business Park, our third with Pellicano, is more than just a warehouse; it’s a commitment to the future. It will not only stimulate significant change within our industry but also firmly position Dexion Victoria & National Make Good Solutions at the forefront of innovation and sustainability.”
Elsewhere across Pellicano’s portfolio, a 16,610sqm speculative facility at Innovation Park is currently under construction ahead of its completion in September – it features a two-level office totalling 611sqm, a 15,999sqm warehouse, a super canopy, six roller shutter doors, four recessed loading docks, and a dock office.
The buildings also bring together leading sustainability credentials including LED lighting, rainwater harvesting, solar power, high-performance glazing and drought-tolerant landscaping.
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