Power tools and garden products company Ozito Industries Pty Ltd (Ozito) will have a presence in Fraser Property Industrial's Rubix Connect industrial estate after striking a deal to become the first tenant of the Dandenong South development.

Situated at the estate’s entrance at 875 Taylors Road, Dandenong South and fronting Fox Drive, Ozito’s facility will comprise an 18,000 sqm warehouse, 1,815 sqm office (two levels) and 97 car spaces.

The new property will be designed to achieve a 5 Star Green Star Rating from the Green Building Council of Australia and will have a 2,000 sqm super awning, five on-grade roller doors and six recessed loading docks with a springing height of 10 metres.

At a glance: 

• Power tools and garden products company Ozito Industries Pty Ltd (Ozito) has been confirmed as the first tenant of Fraser Property Industrial's Rubix Connect industrial estate.
• Situated at the estate’s entrance at 875 Taylors Road, Dandenong South and fronting Fox Drive, Ozito’s facility will comprise an 18,000 sqm warehouse, 1,815 sqm office (two levels) and 97 car spaces.
• The deal was negotiated by CBRE Senior Directors David Aiello and Stephen Adgemis.

A 15,575 sqm spec facility will also be concurrently built adjacent to Ozito’s premises.

Ozito is moving from nearby Bangholme to accommodate consolidation and expansion of its premises. 

Anthony Maugeri, General Manager Southern Region for Frasers Property Industrial, said the South East region was Melbourne’s most established core industrial market. 

"The DIY home market is very active which is reflected in Ozito expanding and consolidating its warehouse footprint in Melbourne to meet customer demand," he said.

"The South East region is close to a very large population base and has a limited supply of prime rezoned industrial land.

Source: Frasers Property Industrial

"This diminished land supply combined with strong tenant demand is leading to increasing land values and rents and decreasing vacancy rates.

"Pre-lease, land and build packages and land sales options are available in Rubix Connect.”

Ozito’s transaction marks the second 20,000 sqm plus pre-lease in the South East this year.

CBRE's David Aiello, who negotiated the Ozito deal with fellow CBRE Senior Director Stephen Adgemis, said there would soon be a critical supply shortage in the region.

"Tenants have had limited choices. 

"There is definitely pent up demand for the high-quality facilities Frasers Property Industrial has planned for Rubix Connect.

"Future vacancy remains at just 1.19 per cent or 224,286 sqm, of which 52,337 sqm is actually under offer. 

“When compared to Melbourne’s Western suburbs, we have been starved of spec developments."

Neighbouring properties include large occupiers such as Woolworths, Jayco, L’Oreal, Mainfreight, Bunnings, Amazon, Dulux and Aldi.

The site benefits from close accessibility to Eastlink Freeway and South Gippsland Highway.

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