Perth Markets

A$136m Acquisition of Perth Markets from the Government of Western Australia

March 2016

In March 2016 Perth Markets Limited (“PML”), a consortium led by the Chamber of Fruit and Vegetable Industries, successfully completed the acquisition of the state’s largest wholesale fruit and vegetable market, Market City, from the Government of Western Australia for $135.5 million, including arranging all of the debt and equity finance required to fund the acquisition. Market City is situated on a 51 ha parcel of freehold land located in Canning Vale.

Azure acted as lead corporate adviser throughout the transaction process.