Salta announces $5 million investment plans for Nexus

We have commenced construction of more than 22,000 sqm of lettable space and $5 million worth of upgrades and services as part of the next stage for Nexus, making the expansive business park one of the most sought-after commercial developments in Melbourne.

The on-going investment and expansion of Nexus will continue to offer a variety of unique and innovative facilities aimed not only at our valued tenants, but directly towards their employees.

Once completed, the complex, valued at more than $1 billion, will provide in excess of 120,000 sqm of lettable space.

Managing Director, Sam Tarascio said that Nexus was unlike any development the company had undertaken in the past and that its team had worked with tenants and partners to create a unique environment.

 

Sam Tarascio at Nexus, Mulgrave

“We have made a significant investment in wellbeing at Nexus, investing an additional $5 million into the existing estate amenity and environmentally sustainable infrastructure, designed to make Nexus extremely occupier friendly.”

“A new 24/7 Health and Wellbeing Club is being built on the ground floor of 1 Nexus that includes allied health services like Yoga, Meditation and Pilates. A 1.4km circuit running track around the estate and outdoor gym will also be installed as well as upgrades to end of trip facilities. We have also invested in Equiem, a community engagement and communication platform, offering unrivalled connectivity throughout the complex,” Mr Tarascio said.

Equiem is available to all people working at Nexus, enabling them to communicate directly with the landlord and report issues to ensure uninterrupted services around the clock. The platform will also be used to coordinate activities throughout the estate, strengthening the Nexus community.

As part of Salta Properties’ expansion plans, it recently acquired a 2,957 sqm property adjoining Nexus at 1-3 Geddes Street. The property was bought for $2.475 million through Crabtree Real Estate. The site currently features a free-standing tenanted building occupied by Visit Group Pty Ltd on a long-term lease.

Crabtree’s Gavin Dumas said negotiations between the purchaser and the vendor had resulted in an agreement that contributes positively to the amenities available for existing tenants, as well as enabling further growth of Nexus.

Sam Tarascio said that there are numerous initiatives for the complex, including the construction of new buildings, which will provide an additional 15,000sqm of lettable space within the next two years, available in 2020 and 2021.

2 new buildings are underway at Nexus Mulgrave

“Nexus is a place where businesses and their staff want to relocate, so we are working hard to meet demand. The modern environment will be complemented by extensive landscaping, a new central plaza, expansive outdoor spaces and even a running track.

“This, coupled with the high-quality businesses already on-site, access points from both Springvale and Dunlop Roads, plus the focus on excellent communication has made Nexus one of the most sought after business estates outside the Melbourne CBD,” said Mr Dumas.

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