Making News

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.


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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.

Click Here to read more.

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.

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For more information or interview requests, please get in touch with Rebecca Tooth from Wrights on 03 9690 9911, 0405 277 562 or