Salta continues to extract value from from its diverse portfolio

Salta has strategically divested a 64.4-hectare land holding in Cranbourne West, with the opportunistic transaction unlocking capital to redeploy into the business’s growing pipeline of commercial, industrial, residential and build-to-rent projects.  

Salta will retain 60 hectares of land directly adjoining the divested site, which adds to its significant portfolio of industrial and logistics assets and ensures a strong pipeline of future projects in Melbourne’s southeast.  

The retained Cranbourne West site on Western Port Highway will be developed as a major industrial and logistics estate, and complements Salta’s existing projects in the region including the 180 hectare Nexus Dandenong South Industrial Estate and future Dandenong South Inland Port. 

Salta Managing Director Sam Tarascio said the sale to a joint venture between Frasers Property Industrial and ESR Australia was opportune and dovetailed strongly with the company’s growth plans and diversification strategy.  

We welcome the sale of the Cranbourne West land to Frasers Property Industrial and ESR Australia, and thank Andrew O’Connell from GO Commercial for bringing the opportunity to us. For over 50 years

 

Salta has been one of the largest investors in Melbourne’s southeast, and we will continue to deliver major industrial, logistics and infrastructure projects in the region and throughout Greater Melbourne.

Sam Tarascio, Managing Director

“As an investor, developer and long-term asset holder, our pipeline, conversion and delivery capability continues to drive portfolio growth and value,” said Mr Tarascio.  

Across its diversified portfolio, Salta currently has $3.5 billion of assets on balance sheet and a pipeline of projects exceeding $6 billion.