150+
Completed Projects
$7bn
Project Pipeline
54
Years of Experience
50+ years of diversified property experience
Salta is a multi-faceted business which touches on all areas of property, including residential, commercial, retail, industrial and hotels. Since 1970, this holistic thinking and diversified spread has allowed Salta to gain deep experience across the property spectrum, and to prosper from each individual sector’s cyclical nature.
By strategically acquiring, holding and developing vast land holdings, Salta is able to choose the right time to create valuable opportunities that best serve the community. The key to Salta’s success is its innate understanding of the market. Put simply, Melbourne property is in its blood.
Although it is one of the largest privately-owned companies in Australia, Salta remains at heart a family business, with strong values now passed down to its second generation of management. Driven by strong ethics and high standards, Salta believes in building long-term partnerships with its clients and positive community engagement in every project.
The Board
Salta Properties’ Board is a key component of the Group’s structure. The Board comprises of Executive Director Sam Tarascio Snr, Sam Tarascio, Tarascio family members and independent, external advisors. The Advisory Board guides strategic and commercial objectives for the Salta Group and the direction of the business.
Vision & Mission
At Salta, our vision is one of ongoing stability and growth via a diversified and multi-sector approach to high quality property development, investment and asset management. We are realizing our vision by committing to a diverse mix of appropriate sites; by balancing these against all other activities; and by mitigating risk as an invested and long-term partner for our buyers and tenants.
Our breadth of investments and property development projects across multiple sectors has steadied us in tough economic times and helped us become one of Australia’s largest privately-owned companies. Our brand story, however, is a more organic one: a focus on genuine partnerships, craftsmanship and finding solutions has helped us become the go-to developer for quality residential apartments, tailored commercial and industrial spaces, and collaborative ways to solve complex customer problems.
Our People
Our people are dedicated to seeking out new advances in sustainability, technologies, design and solutions to improve the way Australians live and work every day.
By working with the right people on the right projects, we believe we can continue to deliver on this promise , and make an enduring contribution to our city's built environment.
Salta Capital
Established in 2013, Salta Capital independently sources best of breed deals across a diverse range of sectors.
Led by Sam Tarascio Snr, Sam Tarascio and David Tarascio, the business forms part of the privately-owned Salta Group incorporating one of Australia's largest private property developers - the family-owned Salta Properties.
Leadership Team
Client focused and highly motivated, our people help us maintain the Salta standard. our vision and values.
Our consultative teams consist of a diverse selection of the industry's most experienced practitioners across sales and marketing, property management, architecture, design, project management, sustainability, site management and construction.
Salvatore Tarascio
Founding Director
Sam Tarascio
Managing Director
David Tarascio
CEO Salta Capital
Emma Woodhouse
Chief Operating Officer
Andrew Regan
Group Executive Director, Legal/Commercial
Melissa Kidd
Director, Asset Management
Kane Wallace
Chief Financial Officer
Clarenzo Perna
Director, Logistics & Strategic Projects
Edward McAuliffe
Director, Residential & Mixed Use Development
Allen Kelaher
Director, Project Management
Nikki Paton
Head of Sustainability & Operations Strategy
Owen Smith
Director, Commercial & Industrial Development
Nimai Horton
Director, Marketing and Communications
Ben Robinson
Director, Finance and Transformation
Damien Emmerson
Director, Information Technology
Our History
For over 50 years, family-owned Salta has created places to improve the way Australians live, work and shop. Salta’s innovative approach to creating property solutions has seen it become one of Australia's largest privately owned companies, led by the Tarascio Family, with more than $3.5 billion of assets on balance sheet and a $7 billion development pipeline.
Take a look at Salta's journey so far, via the timeline below.
Company Founded
Salta Properties was founded by Sam Tarascio in 1970, with its first warehouse development soon completed at Cherry Lane in 1972.
Salta finds a home
Offices at Grieve Parade and Pinnacle Road in Altona North were completed in 1980 which was home to Salta Properties' first Head Office. At this time there was also a substantial land acquisition in Altona North, an industrial estate.
The first of many
In 1985 Salta expanded its vision for the future with the acquisition of land in Somerton for a staged industrial development.
Rapid expansion of Salta during this time saw the completion of the CIG development development in Altona North; a Mercedes Benz project which was the first of many at the Victorian Transport Centre; more projects at Somerton including a warehouse for Franklins and Mack Trucks.
High-profile tenants arrive
The new Citiwest Industrial Estate in Altona North continued to attract high profile tenants including Target, R&H, Cummins, Yokahama, Daimaru, Bunge, Just Jeans, Titan, Bridgestone, AWM, Fujitsu and StoneArt.
Blue Chip Clients
Two stages of buildings were completed at the Victorian Transport Centre for Nestle , as was the new archives centre for blue chip company BHP in Port Melbourne.
New Offices
The dawn of a new century saw a period of accelerated growth.
A brand new 10,000sqm office building and 19 warehouse offices was completed in 1997 at Citiport in Port Melbourne which soon after became the new Salta Properties head office.
Thriving Development
At Port Melbourne a new building was completed for QPC at Lorimer Street, while new buildings were also delivered for Brimac and Australia Post in Dandenong and for Halford Young in Tullamarine.
The CitiWest Industrial Estate expansion continued with CUB, Nestle Austab, CC Containers and Sheldon Linen.
Meanwhile in what would become an important part of Salta's history the fist Victoria Gardens precinct project was completed with a series of new offices.
Diverse Expansion
Salta continued to expand in Port Melbourne with projects completed at Cititech for BAE, Globe International, Finsbury Print and Computershare. Interstate expansion during this period included Arndell Park in New South Wales as we ll as Stradbroke Street in Queensland.
Back in Victoria Salta developed new homes and shops in Portsea, luxury homes in Toorak and the first stage of Nexus Business Park in Mulgrave.
Development of CitiWest South continued to support the expansion on major tenants while at CitiSouth in Dandenong new buildings were delivered for Brimark, Centrelink, L'Oreal, Alspec, Orica Woodcare and Dulux.
Meanwhile in Richmond, Salta was proud to deliver the completion on several new offices and a new flagship IKEA store and the major Victoria Gardens Shopping Centre.
Growing Interstate
Along with more projects at CitiWest South, including Fort Knox and a distribution centre for Coles, Salta also delivered a Blue Seas workshop and CBC Bearings. Interstate Salta completed Noosa Street in Queensland.
Port Melbourne saw a surge in activity during the period with development beginning at Victoria Dock along with new facilities for Calendar Cheese and Mercedes at CitiTech.
Increased Ambition
A residential development and Glen Gala Shopping Centre were completed in Sunshine and the Preston Market was acquired with the Medich Corporation.
Salta delivered a string of prestigious developments in beautiful East Melbourne including 150 Clarendon Street, Mercy Health Aged Care and 140 Gipps Street.
A move to Collins Street
in 2013 Salta moved its head office to 35 Collins Street from where its people have been planning a bold future.
The name Salta has been on more and more ambitious projects from a place to live apartments in Burnley Street, Richmond to the Green Square project of almost 500 apartments in Abbotsford.
The development of a Bunnings Distribution Centre was the first undertaken at the Nexus Industrial Estate in Dandenong South, while a Maersk facility was established at the Nexus Industrial Estate in Altona. These two sites form the integral Inland Ports proposition for the future of freight in Victoria.
Nexus Corporate in Mulgrave saw rapid expansion to become Melbourne's premier suburban office park.
Plans for the future
In 2017 Salta cemented its reputation as a national leader in urban redevelopment with the approval of the extensive Preston Market.
In the same year Salta also purchased a new site in Church Street Richmond, one of Melbourne's hottest tech hubs, with plans for A Grade office as well as food and beverage offerings and supporting amenity.
Nexus Corporate became the largest suburban office park with the completion of 10 Nexus Court in 2018 and planning approval was received for further expansion in this estate.
Residential developments at The Park House, Abbotsford and Walmer on Victoria Street Richmond are the next phase of the Victoria Gardens precinct.
Overcoming a COVID19 challenge
Despite the challenges thrown by 2020 Salta Properties managed to achieve a number of milestones including the culmination of 15 years of effort to finally receive funding from the Victorian Government for the long-awaited connection of an inland port terminal at Dandenong South.
Speculatively built industrial facilities at 85 Portlink Drive, and 115 Atlas Boulevard in Dandenong South were delivered on time and on budget, despite the construction site shutdowns due to COVID-19. Similarly, the ACFS facility in Altona had only minimal impacts to the construction program with the building now complete and the tenant in occupation.
Construction continued on 631 Springvale Rd in Mulgrave and Industry Lanes commenced construction on Church Street in Richmond.
The Park House residential development in Abbotsford was completed and residents were able to move into these quality apartments on the banks of the Yarra River.
Salta Capital achieved an outstanding result at Second Quarter Ventures, raising over $50 million against a Minimum target of $25 million.
Salta had a strong advocacy voice and played a pivotal role in lobbying government throughout the pandemic.
