Salta Properties executive retires

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SALTA Properties’ executive director of treasury, Andrew Brest is retiring from the position, after 30 years at the company.

“Andrew was originally appointed by my father, our Founding Director, as CEO of Westgate Logistics in 1991 and for many years was instrumental in helping him grow the logistics business before turning his focus to the property side with Salta Properties,” said Sam Tarascio, managing director of Salta Properties.

Kane Wallace was appointed to CFO earlier in 2021 and after working with Brest he will be assuming responsibility for Salta’s treasury function from 2022.

“Since his original appointment, Andrew’s loyalty, dedication and commitment to my father, the business and the Tarascio family has been second to none – both as a family friend and close early neighbour to my parents and then as an employee.

“It’s rare these days to have the loyalty of an employee for 30 years, and on behalf of the broader Tarascio family, I would like to thank Andrew for his absolute professionalism and dedication in assisting in a significant way to build the Salta business to what it is today.

Salta recently commenced construction on its seven-level city fringe commercial development on Clarendon Street in Melbourne’s Southbank, a site Salta acquired around six years ago, while its new office building in the Mulgrave Nexus Business Estate was announced to be targeting sustainability goals in its design and construction.

While in earlier in that same month, the group acquired the controversial 123-hectare site at 690 Western Port Highway in Cranbourne West for its industrial portfolio,  which had been the subject of a rezoning push.

Brest’s retirement will be effective 31 December 2021.

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