Perth Markets Limited announced as preferred bidder for Market City

Perth Markets Limited announced as preferred bidder for Market City

Perth Markets Limited Chairman Paul Omodei is pleased to confirm that our industry-based consortium of wholesalers, growers, Market City tenants and state-based market operators, was yesterday announced as the State Government’s preferred bidder for the Canning Vale site.

Mr Omodei said the State Government would now enter negotiations with PML to finalise the sale contract for Market City.

He said the PML Board wished to acknowledge efforts and commitment of the Chamber of Fruit and Vegetables Industries in WA.

“The Chamber took the initiative to lead the industry bid and has provided support since the sale process was announced in mid-2014,” he said.

“Some Chamber members are direct investors, and all are indirect investors through the Chamber’s investment in the bid. Without their support for the initial investment, and the many hours of work by the Chamber staff and committee, we would not be in the position we’re in today.”

In media reports on the announcement of the preferred bidder, Premier Colin Barnett said the industry bid was recommended following a rigorous evaluation process.

“Perth Markets Limited’s strong proposal included outstanding responses to the evaluation criteria and detailed the consortium’s ability to meet key objectives of the sale process, especially the continuation and growth of the wholesale markets,” Mr Barnett said.

Treasurer Mike Nahan said the State Government was confident Perth Markets Limited would deliver on its long-term vision for Market City, drawing on the consortium’s experience in both the local and interstate fruit and vegetable markets.

“This decision will deliver the best outcome for the industry and the State,” Mr Nahan said.

Mr Omodei said the result was a great outcome for the WA fruit and vegetable industry. Over the coming weeks, PML would engage with the State to finalise the details of the sale contract.

“Our consortium is committed to providing long-term security for the industry while maintaining competitively-priced produce for all Western Australians,” he said.

“Our bid was built on industry stakeholders who have the knowledge, passion and drive to invest in their future and grow the industry here in Western Australia.

“We are confident we can deliver long-term growth for the industry and ensure costs are controlled so Western Australian consumers continue to enjoy affordable fresh produce.”