Making News

Accor has swooped on homegrown prefabricated hotel brand Tribe, backed by Financial Review Rich Listers the Smorgon and Tarascio families, with plans to turn it into a global business.

The French hotel giant, the country’s biggest operator of hotels and resorts, said it was in negotiations to develop more than 50 of the modular hotels around the world after becoming the majority owner of Tribe.

Tribe’s first foray overseas will be a 290-room hotel, which is due to open in Glasgow in mid-2019. It’s one of 10 openings already scheduled to take place by 2022 in Europe and Asia Pacific, totaling more than 1700 rooms.

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Salta Properties celebrates another successful and prosperous year and thanks its staff, clients, suppliers and other stakeholders for their contribution to the year’s success.

We continue to see growth at what is Victoria’s largest suburban business park through developing 10 Nexus Court, which was 96 per cent leased on completion. We welcomed a number of new tenants to our line up including City Holdings, Group 4, Brenntag, Entrust Datacard and Knight Frank.

We have planning well underway for a number of commercial developments, most notably our exciting precinct on Church Street in Richmond.

In the industrial portfolio, we concluded developments at Nexus Dandenong for VISA and Silk Logistics and received approval for two new buildings.

The residential portfolio travelled well with sales commencing at Walmer Street in Abbotsford and expected launch for 249 QP in North Fitzroy in the new year. We are also working to combat market challenges through pioneering the build-to-rent space with residential projects planned at Docklands and Victoria Gardens.

These, among many other great accomplishments, are a result of our dedicated team at Salta Properties, the support of our suppliers and the trust of our wonderful clients.

We wish all of you a safe and happy holiday and look forward to 2019.

Victoria’s largest business park continues to thrive with Salta Properties opening a new $50 million building today at 10 Nexus Court in Mulgrave.

The 8,400sqm state-of-the-art office development at Nexus Corporate comprises of six levels with an average floor plate of 1,600sqm to accommodate expansive work environments and maximise natural light and views.

 

Salta Properties Managing Director, Sam Tarascio explained that its masterplan for Nexus Corporate was to continue to strengthen the working environment at the business park and provide flow-on benefits to the surrounding community.

“We are committed to ensuring that Nexus Corporate sets new benchmarks for best practice in business parks. Our continuous investment into infrastructure upgrades and amenities as well as new building developments continues to attract and retain incredible tenants,” said Mr Tarascio.

“We are grateful to City of Monash for supporting our long-term vision at Nexus Corporate, allowing us to see this business park come to life and deliver ongoing economic benefits to the local community.”

Major multinational companies continue to be drawn to Nexus Corporate with most of the new building already occupied. City Holdings is taking the lead tenancy with 4,485sqm of space to house its business operations followed by Brenntag Australia (1,259sqm), Renault Australia (804sqm), Group Four Building Surveyors (804sqm), Knight Frank Australia (400sqm) and Entrust Datacard South Pacific (233sqm).

Architecturally designed by Gray Puksand, the exterior of 10 Nexus Court is defined by two different frontages with an elegant softly curved curtain wall on the Nexus Court side which heavily contrasts with the pre-cast concrete bar-code inspired façade facing Monash Freeway.

The building also offers incredible amenities that are set to impress employees including a rooftop Futsal and Basketball court, end-of-trip facilities and bike storage and 300 car spaces.

Work life at Nexus Corporate also provides access to on-site concierge services via the Equiem portal, child care facilities, health and wellness programs and a variety of cafes.

Nexus Corporate opened in 2002 and now houses more than 60,000sqm of office space across nine buildings with a predicted end value in excess of $500 million.

For more information, please visit www.nexuscorporate.com.au

 

-ENDS-

For more information or interview requests, please get in touch with Rebecca Tooth from Wrights on 03 9690 9911, 0405 277 562 or rtooth@wrights.com.au

 

A NEW Abbotsford development is set to transform a former factory site turned vacant lot into prime riverfront real estate worth up to $6 million.

It’s likely to be one of the final pieces in an urban uplift transforming the industrial past along the Yarra River’s inner-suburban banks.

Salta Properties managing director Sam Tarascio said their latest project, Walmer, wouldn’t just open the site to future residents but also provide an opportunity to renew the rivers edge.

“A lot of these sites on the river have been very closed off and have prevented use of the river,” Mr Tarascio said.

“We also have the Park House next door and across the two sites the whole river bank will be rejuvenated and revegetated.”

READ HERALD SUN ARTICLE

Visit the project website

THE AUSTRALIAN: Private Melbourne developer Salta Properties is shifting strategy to focus more on office and industrial projects as the city’s apartment market weakens.

Despite years of worries about an oversupply of units in inner Melbourne, Salta managing director Sam Tarascio warned that levels of new supply are now dropping fast at the same time as a growing population is looking for rental options.

The Australian Article

https://www.theaustralian.com.au/…/salta-shifts…/7f48a77c93f6e4395e4bcbfaf0e4af28

 

 

Salta Properties has welcomed the City of Yarra’s unanimous decision to approve its development plans for a $390m+ mixed-use project across the 14,766m2 site adjacent to Victoria Gardens Shopping Centre in the heart of Richmond.

Designed by award-winning architects, Rothe Lowman and located on the south-west corner of Victoria Street and River Boulevard, the prime location led Salta to design a truly mixed-use project comprising residential, commercial office and retail spaces* across five buildings ranging from seven to 13 storeys.

The stand-out development boasts a unique and innovative 3,000m2 linear park designed by landscape architects, ASPECT Studios to provide seamless connections between the buildings.

Serving the surrounding community, Salta has sought to bring the entry of the existing Victoria Gardens Shopping Centre to the River Boulevard, along with providing an additional 775 carparks across four basement levels, a medical centre, childcare facility and restaurant precinct.

“In close to proximity to Melbourne’s CBD and the tranquil Yarra River, this development sits in the heart of Richmond, making it an unrivalled site for Salta Properties to offer a design solution that will become the very best place to live, work and shop,” said Sam Tarascio, Managing Director at Salta Properties.

Responding to the current property climate, Salta Properties plans to explore a build-to-rent model with this project, which comprises of 426 dwellings with a mix of one, two and three bedrooms over the five separate apartment buildings.

Committed to innovation and thought leadership, Salta Properties was one of the first Australian developers to announce a build-to-rent model with 16 floors of residential stock at 699 La Trobe Street in Docklands in early 2017.

Building on the strong commercial leasing environment and low vacancy rate within the Precinct, Salta Properties will seek to immediately offer the three level 3,500sqm office and 5,500sqm restricted retail to the market.

Salta Properties will be seeking to commence construction of the development over the coming year. For more information on the leasing opportunities at this development, please visit www.salta.com.au

Read Coverage –

The Age

The Australian

 

Use Size
Residential dwellings 426 dwellings 81 X one-bedroom
322 X two-bedroom including 10 X duplex’s
23 X three bedroom
Restricted retail & Showrooms 5,520 sqm
Commercial / office 3,924 sqm
Shop 3,369 sqm
Food & Drink 859 sqm
Childcare Centre 100 children
Medical Centre 551 sqm