Salvo has finalised a $73 million transaction for a 61.55-hectare prime landholding in Tarneit Melbourne’s west, with plans to develop a masterplanned community comprising up to 1,700 dwellings with JV partner Casey Capital.

Melbourne developer Salvo and its joint venture partner Casey Capital have settled the $73 million purchase of a 61.55 hectare landholding in Tarneit in Melbourne’s west after securing a debt facility from ASX-listed financier Qualitas.

This 50th-floor penthouse, one of two in the Palladium Tower, offers stunning views. The two-storey apartment features huge windows, a lounge with a fireplace, a glamorous kitchen with a dining area and a cellar. The impressive open-air rooftop terrace has a spa, bar and barbecue.

This art deco-inspired sky home stands 50 storeys high, with views of the CBD, Docklands and the Royal Botanic Gardens. The penthouse apartment was designed by Rothelowman architects and is being sold by developer Salvo.

An imposing 180-metre building will soon join Melbourne’s skyline with the launch of Moray House, the latest residential development from leading Melbourne developer Salvo.

There are glimmers of hope in the development market after a savage few years, with some players cautiously announcing new projects instead of shelving them or listing sites for sale.

Developer Salvo is preparing to begin demolition work in Melbourne’s Southbank for its first project since the pandemic.

Prominent Melbourne developer Salvo is set to kick off the demolition phase of its now-unveiled Southbank tower, Moray House.