Salta has unlocked one of the last remaining sites in Melbourne’s Southeast corridor, offering a rare opportunity to purchase prime lots for a booming industrial market. 

Located at 690 Western Port Highway, Cranbourne West, Salta’s Industrial Quarter (iQ), offers a limited twelve lot release starting from 6,375sqm in size, in proximity to major arterials and blue-chip occupiers. 

The launch follows Salta’s strategic sale last year of approximately 50 per cent of the site to global property groups ESR and Frasers Property Industrial, in a joint-venture deal for a record $200 million-plus. Now, this market opportunity is the second step in a considered move as part of Salta’s broader Southeast strategy, which sees the property group focussed on bringing increasing investment to the corridor to support its flagship Nexus Dandenong South Industrial Precinct. 

Salta Managing Director, Sam Tarascio, said the release of prime land lots in Cranbourne West is also part of the property group’s overarching business strategy to diversify, remain dynamic and make smart business moves in response to market cycles. 

“Cranbourne West is one of the last remaining opportunities to secure prime industrial lots in Melbourne’s Southeast. As a developer but also an asset manager, with strong roots in Victoria’s industrial sector, our focus with our Cranbourne site has always been to unlock value that will see the site grow and be a destination for leading industrial occupiers,” said Tarascio.  

The launch of iQ reaffirms Salta’s long-term industrial commitment to the region, which adds to the property group’s ongoing efforts to establish Victoria’s first inland port, to be located at its Nexus Dandenong South Precinct. 

“Our acquisition of the 123-hectare Cranbourne site in 2021 made sense for us. As key players in the industrial sector for over 50 years, we understood that industrial use remains the most appropriate and productive purpose for this land. Combined with our intermodal rail terminal, which will reshape freight efficiency across the Southeast and reinforce the strategic advantage of our precincts for large-scale industrial users – the corridor will be solidified as the mecca for industrial operations and industrial land value,” said Tarascio. 

The iQ site is ideally located for operators seeking high-exposure industrial land with exceptional connectivity. Just 450 metres from the Western Port Highway, and with direct links to the South Gippsland Freeway, Princes Highway, and the Monash Freeway, it provides unrivalled access to freight and logistics corridors. 

“iQ is future development ready, and this first release offers the best sites available for businesses seeking flexibility and long-term growth -perfectly suited to businesses in food production, cold storage, manufacturing, and last-mile logistics. The site’s access via a signalled intersection offers a major competitive edge for operators prioritising transport efficiency,” added Tarascio. 

The Southeast of Melbourne continues to play a critical role in Victoria’s industrial economy, accounting for approximately 44 per cent of the city’s manufacturing output, contributing around $85 billion in GDP. The City of Casey is also projected to also experience a 43 per cent population growth, with more than 1.5 million residents in the Greater Southeast region. These figures have only grown with the news of the addition of ESR and Frasers $900 million 64.4 site on the southern boundary and with major occupiers located in the corridor including Amazon, Dulux, Aldi and Woolworths.  

Appointed to take iQ to market is Director of Go Commercial Industrial Real Estate, Andrew O’Connell, who brings extensive local knowledge and deep transactional experience.  

“Being positioned between global players like ESR and Frasers, landowners at iQ will benefit from the significant value uplift and tenant interest drawn to the area. This is a unique opportunity for businesses to secure significant land in what is now one of the most sought-after industrial precincts in Victoria,” said O’Connell. 

“Given the scarcity of land in the Southeast - particularly for larger operators with growing workforce and freight demands - iQ offers exceptional value and location benefits. The level of enquiry we’ve already seen reaffirms the strong market appetite for premium industrial stock.” 

Opportunities for iQ will remain limited.