A major transformation is on the horizon for Western Australia’s most important fresh food and trade destination.
Perth Markets Group Limited (PMGL) has announced the launch of its bold and forward-thinking 20-year Site Masterplan, that will shape the future of the privately owned 51ha site in Canning Vale.
Home to the state’s only fresh produce central trading market, as well as the retail and commercial hub, Market City, and the Canning Vale Weekend Markets, the site is one of WA’s most vital precincts. Additionally, the site’s strategic position, adjacent to the established Canning Vale industrial area, provides direct connections to major arterial roads, making it one of the most accessible logistics and industrial hubs in the state.
Background
The new Masterplan was developed in partnership with architectural firms, With Studio and Place Fabric, and involved extensive consultation with tenants and key stakeholders including the City of Canning and staff. With the site welcoming more than 13,000 users weekly, including growers, wholesalers, tenants, buyers, and staff, the Masterplan displays a strong focus on each users’ needs.
PMGL Chief Property Officer, Shaun Atkins, noted that key elements of the Masterplan were directly informed by valuable insights gathered from tenants through a series of engagement sessions and detailed requirements surveys.
“The result of consulting with our tenants and site users allowed us to develop a practical, flexible and stageable plan. This assists in creating the site into a safe, efficient, and connected precinct, capable of meeting the growing needs of site tenants and the broader community,” Mr Atkins said.
“We also have a clear understanding of the demand for new and upgraded facilities, not just for new tenants, but also for our existing tenants, who are successful Western Australian and national businesses.”
A Long-Term Vision
Endorsed by the PMGL Board, the Masterplan lays the foundation for a phased development of the site. With a strong emphasis on the next five years, site users and visitors can expect additional cold-chain and logistics warehouse developments, and new additions to the Market City retail centre.
The plan will also focus on modernising facilities and infrastructure, improving access and efficiency, and preparing the site for the needs of those involved in the fresh produce and horticultural supply chain. It also addresses the need for better pedestrian and traffic movement across the precinct.
As the Western Australian population grows, PMGL Chief Executive Officer, Scott Gibson, believes the Masterplan’s clear vision will provide long-term support for the industry.
“The Masterplan will support the fresh food and horticulture industry and those involved in the state’s fresh produce supply chain through continued investment in cold-chain infrastructure and facilities,” Mr Gibson said.
“The benefits for businesses associated with these industries are significant and will directly flow into the Western Australian economy and communities they are part of.”
The vision also prioritises the site's long-term sustainability through a major investment of over $10.5 million in a solar project, which will become the largest rooftop solar system in the state once completed later this year. Covering 25,000sq m of rooftop space, the five-megawatt system is projected to supply one-third of the site’s total electricity needs.
Southeast isometric view of Perth Markets site masterplan showing new developments (yellow) and existing/refurbished buildings (pink).
Benefits and Key Outcomes
Currently home to over 110 tenants occupying industrial, commercial, and retail spaces, the Perth Markets’ diverse property portfolio spans over 93,000sq m of gross lettable area. This is expected to increase significantly over the next two decades to approximately 160,000sq m. This increase will create more opportunities for new businesses, support the growing requirements of tenants, and allow the precinct to respond to emerging trends linked to future consumer demand.
At its core, the Masterplan establishes a clearly defined, long-term development strategy that is practical to implement, flexible in its delivery, and built to accommodate change. New developments will not only foster economic growth, but will also support the site’s day-to-day operational requirements, helping to improve the overall efficiency of the site.
Importantly, the plan supports the long-term growth of the Canning Vale Weekend Markets, reinforcing their connection to the wider Perth communities.
Join the Perth Markets Community
Perth Markets is now calling on the broader community, industry partners, and prospective tenants to take part in the next stage of this exciting journey. With new leasing opportunities emerging and development activity ramping up, there’s never been a better time to get involved in shaping the future of Western Australia’s fresh food precinct.
For more information on Perth Markets, please visit www.perthmarket.com.au.
For more information on leasing and development opportunities, please contact Perth Markets Chief Property Officer, Shaun Atkins, at property@perthmarket.com.au or on (08) 9456 9200.
Author:
Natassja Pita
Perth Markets Group Limited
Marketing and Communications Officer
