Logie-Smith Lanyon (LSL) have advised one of Australia's largest privately owned companies, Salta Properties, on the co-development on a major transportation and logistics hub with the Federal and Victorian State Governments.

With a combined infrastructure development spend in excess of $70 million, the Dandenong South Intermodal Terminal will ease severe congestion at the Port of Melbourne and take 300 container truck journeys a day off the city's streets.

"This Intermodal Terminal or 'inland port', which will use rail to move freight off the docks and to Salta Properties' storage and distribution centre in Dandenong South, will have a hugely positive impact for the city and State" said LSL Managing Partner Andrew Logie-Smith who advised Salta.

"Along with significantly reducing road congestion and associated carbon emissions, the planned rail network will also deliver thousands of construction and ongoing jobs. LSL has been working with the Salta team for close on 25 years and the range of transactions we've advised on have the common thread of driving economic development" he said.

Salta Group Executive Director - Legal/Commercial, Andrew Regan said the long-standing relationship with the firm saw the transaction seamlessly undertaken and completed during Victoria's strict COVID-related lockdown.

"Both LSL and ourselves have previously invested in remote working infrastructure meaning we can put a transaction of this scale together without everyone ever once being in the same room" said Mr Regan.

Construction on the new Intermodal Terminal is due to commence in 2021.