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This year marks our 50th year in business and although we never anticipated we'd be spending it in isolation, it's given us plenty of time to reflect and be grateful for how far we've come. Of course, none of this would be possible without our Founding Director, Sam Tarascio. Pre Covid we spoke to those around him to find out what makes him such a successful leader. #saltaproperties #salta50 #50years #loyalty #integrity #melbourneproperty #50yearsinbusiness #successstory #leadership

We don't know what post COVID-19 looks like but we do know that our fully financed Church Street project ‘Industry Lanes' will be ready for it. The site echoing urban Richmond, with three buildings stitched together by a common plane, features a mix of large and small spaces including retail, communal amenities, open air courtyards and shared work zones. Industry Lanes represents a glimpse of what the new working world will look like. #industrylanes #cremorne #richmond #churchstreet @hansen_yuncken #newworldworkplace

Richmond's most anticipated commercial development commences construction

Salta Properties and Abacus Property Group have marked the start of construction for their latest commercial development ‘Industry Lanes’, celebrating the milestone occasion with an official sod turn ceremony onsite at 459-471 Church Street.

With an end value of more than $230 million, Industry Lanes will offer a new-world workplace with a campus-style environment that connects the development’s three buildings located in the heart of Richmond, one of Melbourne’s most desirable office locations.

Salta Properties’ Managing Director, Sam Tarascio, is pleased to see the development progress and highlighted the evolving needs of businesses looking for modern day buildings that not only provide excellent workspaces but also cater to the growing desire for work life balance and a sense of community.

Industry Lanes isn’t just a building, it will become a brand new precinct with areas that are highly flexible, catering for both large and small tenants so that fast-moving businesses can expand at any pace, all within one integrated development.

Industry Lanes will offer a diverse precinct of multiple uses including 18,000 sqm of prime office space across two buildings, connected at ground with a distinct sense of arrival off Church street, retail and courtyard spaces, a stand-alone childcare facility and 181 car parks. The precinct will also feature a mix of large and small in-between spaces including retail, communal amenities, open air courtyards and shared work zones, creating an internal village that links to the existing the streetscape.

Managing Director of Abacus Property Group, Steven Sewell, highlighted the appeal to invest in the development and the strength of its partnership with Salta Properties.

The opportunity to leverage Salta and Hansen Yuncken’s proven expert capability in design and construction, together with the location being well serviced by public transport and positioned to benefit from ongoing gentrification, were key considerations for Abacus.

Designed by Architectus, Industry Lanes aims to foster a culture of innovation that appeals to fast-growth, dynamic and IT savvy businesses that understand their employee’s desire to work in a convenient and popular area that has everything at its fingertips.

Construction of Industry Lanes will be completed by Hansen Yuncken, which will see a workforce of almost 3,000 people on site throughout its build and a construction value of $90 million.

Scheduled for completion in 2021 Industry Lane’s first tenants are anticipated to move in soon after, with Colliers and JLL as the leasing agents.

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Salta Properties Partnership with Abacus Signals Start for Church St Development

Salta Properties has bolstered its plans for a major commercial development at 459 Church Street in Richmond after signing a partnership with Abacus Property Group (Abacus). The capital partnership arrangement with Abacus will see the prominent, city fringe site come to life, offering prime office space within one of Melbourne’s most sought after locations. With an end value of more than $230 million, the proposed office precinct will comprise of two premium office towers, a stand-alone child care and basement car park with more than 200 spaces.

Under the arrangement, Salta Properties will take lead on the development of the project, with construction company, Hansen Yuncken recently appointed as head contractor. Salta Properties’ Managing Director, Sam Tarascio, highlighted how the capital venture with Abacus will fast-track the development’s progress. “Salta’s partnership with Abacus will enable this milestone project to move at a faster pace by captialising on our expertise in commercial development combined with the financial backing from Abacus. As one of our most exciting commercial projects to date, 459 Church Street is set to become the flagship site in Salta’s portfolio, with the mixed-use precinct designed by Architectus for businesses looking to set-up a base in one of Melbourne’s most creative hubs,” said Mr Tarascio.

Pending a successful development planning outcome, Salta and Abacus have plans to start construction at 459 Church Street in Richmond mid this year and anticipate the first tenants will move in during 2021. The site is located next to a number of award winning cafés, restaurants and bars, as well as key public transport routes with Trams 70 and 78 and Richmond Station just a short walk away.

All enquiries regarding availability in this new precinct should contact Thomas Carter-Key, Development Manager Salta Properties on 03 9673 1111 or thomas.cater-key@salta.com.au

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Introducing OneFourFive Clarendon. Proudly positioned on Clarendon Street's city end, OneFourFive Southbank is an agile commercial space designed for future-focused businesses. This is a contemporary environment that reimagines the workspace, offering flexibly designed interiors, a light-filled open stairwell and generous outdoor terraces to promote collaboration and foster wellbeing. #onefourfiveclarendon #saltaproperties #officedesign #OfficeLease #MelbourneOfficeLease @architectus @Architectus

“We have made a significant investment in wellbeing at Nexus, investing an additional $5 million into the existing estate amenity and , environmentally sustainable development and infrastructure, designed to make Nexus extremely occupier friendly.” Sam Tarascio, Managing Director, Salta Properties. The upgrade will include the introduction of a 24/7 Gym, upgraded end of trip facilities and a new outdoor running circuit and exercise equipment, as well as other initiatives.

Salta Properties' sale of 1956 Dandenong Road, Clayton contributes towards realising the company's vision of investing in premium commercial and residential developments. Salta plans to inject more than $90 million into future development at Nexus Corporate in Mulgrave, which currently has 50,000 square metres of office space and another $400 million at Victoria Gardens East, an integrated, mixed-use development set to become a key project in Salta Properties' plans for the expansion of Victoria Gardens Corporate, Victoria Gardens Shopping Centre and ‘Build to Rent' apartments in Richmond.