Making News

Salta Properties has secured international people and material lifting equipment manufacturer, Haulotte Australia Pty Ltd as a tenant at Nexus Industrial Estate on Portlink Drive in Dandenong South.

Committed to tailoring solutions, Salta Properties has specifically designed a new distribution centre for Haulotte Australia Pty Ltd, which features 550 sqm of office space; 3,000 sqm of warehousing; and 5,300 sqm of container hardstand.  

CEO of Haulotte, Alexandre Saubot travelled all the way from the company’s international headquarters in France to join Salta Properties and celebrated the announcement with a site visit and sod turn ceremony.

Salta Properties Managing Director, Sam Tarascio welcomed Haulotte Group as its latest tenant at the industrial precinct and highlighted the importance of tailored solutions for tenants and clients. 

“The agreement with Haulotte Australia Pty Ltd reinforces the appeal of our customised solutions that Salta Properties prides itself on at Nexus Industrial Estate.  It is rewarding to see that we continue to attract high performing companies looking for a strategic base for their distribution centres and warehousing solutions,” said Mr Tarascio.

Construction will be carried out by Q Design & Construct with work set to commence in June and completion scheduled for November 2019.

Haulotte will soon occupy a site with an end value of approximately $6.2 million at the emerging Nexus Industrial site, which plays an integral role in Salta Properties’ inland port strategy, a long-term initiative aimed at improving freight efficiency across the state of Victoria.

Haulotte CEO, Alexandre Saubot, said that the custom-built facility will allow the company to cater more broadly to its clients’ logistical demands.

“The purpose-built site at Nexus Industrial will allow Haulotte to grow its business and better serve our customers’ needs for safe and innovative elevated work platforms and telehandlers.

“Australia is key to our world-wide growth strategy as we celebrate 20 years in Australia and we look forward to the next 20 years of success in our new sale & service subsidiary,” said Mr Saubot.

Adjoining the Western Port Highway, this site is part of an interconnected system of private intermodal terminals with capacity for approximately 750,000sqm of warehousing and currently home to a 44,000sqm distribution centre for Bunnings and 68,000sqm centre for Woolworths.

AFR 18 June 2019

The co-founders of Australian tech success story Aconex are among the investors in a $3 million funding round for Fresho, an online platform that lets restaurants order produce directly from suppliers.

Aconex co-founders Leigh Jasper and Rob Phillpot, as well as Salta Capital’s Tarascio family, are the main backers for the company, which was founded in 2016 by high school friends James Andronis of Clamms Seafood and former EY mergers and acquisitions associate director Huw Birrell.

AFR – Thursday 13 June 2019

Salta Properties, the development company owned by the Rich Lister Tarascio family, has appointed Hickory to build two new office buildings with an end value of $150 million in south-eastern Melbourne’s Mulgrave, after securing Carlisle Homes as an anchor tenant.

Carlisle Homes is already a tenant in Salta’s Nexus Corporate business park but the move, triggered by growth of the home builder, will see it take 8000 square metres of the available 12,000sq m in one of the new Gray Puksand-designed buildings. A second, smaller, building will have 8000sq m

Read the article in full

Salta Properties, the property development and investment arm of Financial Review Rich Listers the Tarascio family, has put the Melbourne headquarters of Dulux up for sale with price expectations around $25 million.The sale of the 6000-square-metre corporate office comes as Salta, chaired by patriach Sam Tarascio and led by his son Sam jnr, looks to deploy capital into its various property development projects, including a major build-to-rent and hotel development at Docklands and numerous residential, office, retail and industrial projects.



Mornington Peninsula Olive Oil Producer Takes Out Gold & Silver in New York

Australian olive grove, Taralinga Estate has been awarded a Gold for its Picual and Silver for its Blend at the New York International Olive Oil Competition (NYIOOC), the world’s largest and most prestigious olive oil contest.

The highly-regarded NYIOOC is an awards program staged every Spring in New York and sees a panel of world-leading experts judge more than 1,000 extra virgin olive oil entries (EVOO) from 27 countries over five days.

Based on the pristine Mornington Peninsula, Victoria, Taralinga Estate was established by Sam (Salvatore) Tarascio Snr, who also founded Salta Properties, one of Australia’s most successful independent property development companies.

Sam Tarascio explains that Taralinga Estate EVOO’s heritage began with his grandfather who operated an olive press in Italy, which inspired him to follow his vision of excellence and keep the family tradition alive in Victoria, Australia.

“Olive oil runs through the Tarascio family’s veins and Taralinga Estate embodies the passion my family has had for more than a century since producing premium olive oil back in my home town of Vizzini near Sicily in Italy,” said Mr Tarascio Snr. 

“Following in the footsteps of my Nonno Salvatore (Turri), Taralinga Estate aspires to grow and produce the world’s best extra virgin olive oil and we are honored to have been awarded many national and international accolades. We are incredibly proud and excited to have won two prestigious titles in the NYIOOC and hope for another great harvest this year,” said Mr Tarascio Snr.

NYIOOC judges reported that Taralinga Estate EVOO evokes tasting sensations of green pepper, balsamic, hot chili and artichoke that would make a perfect pair for an olive oil martini.


Making a perfect everyday olive oil, high in antioxidants and full of flavor, Taralinga Estate EVOO has a fruity aroma and herb notes that transfer well to the palate. Its single cultivar Picual EVOO is pressed within hours of the fruit being picked, to maintain the highest possible levels of polyphenols, the good healthy fats.

Taralinga Estate attributes its success to processing all of its oil with a state-of-the-art Pieralisi two-phased oil processing plant, which allows the producer to maintain its vision of excellence.

Taralinga Estate now joins the annual list of award winners in the NYIOOC, which is well-known as the authoritative guide to the world’s best extra virgin olive oils and the dedicated producers who craft them.

Following the success at NYIOOC, it is anticipated that there will be strong demand for the Taralinga Estate olive oil and there is only limited stock available online at or via stockists on the website.

The annual NYIOOC event is organised by Olive Oil Times, the independent publication of record for the sector and the most-read source for olive oil news and information.


– ENDS –

NYIOCC Announcement

Salta Properties’ proposed hotel and residential complex on the corner of LaTrobe St and Harbour Esplanade has re-emerged with a new “wavy” facade.

The developer took the proposed property back to the drawing board in response to new Melbourne Water flood regulations.

It resurfaced at the March 19 City of Melbourne Future Melbourne Committee meeting, where councillors supported its new design.

Apart from ground-floor changes designed to withstand a one-in-100-year flood, the developer has changed the shape of the building and tinkered with it internally.

The new proposal has fewer built-to-rent residential apartments, more rooms for Melbourne’s first Indigo Hotel and the addition of 26 serviced apartments. The new proposal has 276 apartments (20 fewer) and 197 hotel rooms, an increase of 22. Car parking numbers have been reduced.

Overall, its height is almost the same as a plan approved in 2016. But the major change is a striking curved facade, which replaces a previously sharp rectangular design.

The facade had been criticised by council officers, who objected to its visual bulk, particularly when viewed from Harbour Esplanade or Victoria Harbour. Councillors agreed that progress had been made, but inserted a condition to their support that further refinement be achieved.



The Australian, Australia by Ben Wilmot 28 Mar 2019

EXCLUSIVE Private developer Salta Properties is stepping up its commercial property ambitions – striking a fresh partnership with the listed Abacus Property Group to develop a $230 million office complex in Melbourne’s Richmond – but also remains confident that the residential market will bounce back.

The company, run by billionaire scion Sam Tarascio, is readying to kick off the speculative development of a $230m project in Church Street in Richmond by introducing the listed Abacus Property Group as its joint-venture partner.

At the same time it is finishing off major apartment projects, promoting new logistics parks and pushing into the build-to-rent sector.

“We try not to let cycles influence our thinking too much,” Mr Tarascio said.

Salta finds ally for $230m offices -The Australian, Australia

Liberman-family backed investment house Merricks Capital has stumped up a $190 million first mortgage loan to back the development of a major housing project overlooking the Yarra River in inner-city Melbourne.The Merricks move comes as non-bank lenders snare a greater slice of the commercial property book following moves by the major banks’ to scale back their $300 billion exposure in commercial real estate lending.

The Park House, as the project is known, is a mixed-use residential and retail development in Abbotsford and a joint venture between Salta Properties and the Smorgon family




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.