STRATEGIC OUTCOMES Strategic Asset Management Plan The Strategic Asset Management Plan was progressed throughout the year with the capital works program ensuring critical asset improvement. Close to $4 Million in capital was spent on asset upgrades with a further $4 Million due to be spent next financial year. The reinvestment by the organisation has been planned and executed well contributing to the increase in the value of the asset. Workplace Health and Safety The new WA Work Health and Safety Legislation came into effect in March 2022 which was the most significant change since the 1980’s. The change in legislation provided new definition of what was considered a “person conducting a business or undertaking”. A series of workshops were undertaken for the site users to gain an understanding of the new requirements. PMGL will continue working with the tenants to ensure the site is operated with the highest regard to safety. A Better Choice partnership As part of our strategic relationship with Market West we were pleased to continue our financial support of the “A Better Choice” national retailer marketing program. This included seasonal campaigns that add value for independent retailers who support the central market process. Additionally, and collectively, we support Market West’s daily produce sale pricing and statistics reporting which assists the industry along with other stakeholder initiatives, industry advocacy and events. Sustaining Capital There have been a number of roof upgrades and repairs that have been undertaken in recent months. The works were primarily driven to improve site safety and dilapidation in some areas of the sites roofs and gutters. These projects ran in parallel with the works being undertaken outside of Market trade hours. There were no impacts on the market traders with the project delivered on time and budget. The eastern warehouses, CTA and buyers roof structures undertook a roof fastener replacement project. The replacement program reduced the risk of failure either via leaks or lifting during high winds. The timing of this project was important as PMGL is currently working towards a solar panel installation. Key to the site operations is the bitumen surface covering the majority of the Perth Markets site. This bitumen has been in place since the site was built and is reaching the end of its useful life. Initial investigation works included geo technical engineering to determine the condition of the sub-base. Minimal rectification was required on the sub-base allowing for the surface area of bitumen repairs to be maximized for the cost. Circa $500,000 in upgrading was undertaken this financial year with a further $500,000 budgeted for 2022/23. As part of a risk audit, the requirement for improved pedestrian traffic infrastructure was identified. Specifically access points for pedestrians to cross roads were either in the wrong location, not adequately marked or have sufficient lighting. PMGL embarked on ensuring that this was rectified, and the risk of pedestrian versus vehicle incident was reduced. Installation of crossovers, swing gates and barriers, lighting control systems as well as improving the line marking and signage. Electronic Signage A commercial lease was secured for an electronic sign on the corner of Bannister and Ranford Road. The sign has significant presence and has provided a good exposure for both the market activities but also third-party advertising. Vacant Land The vacant land on the site has been utilized as a staging area for the Metronet works happening at both the Ranford Road and Nicholson Road stations. Access to the land for the contractor has been through the freight rail side of the site requiring no onsite access. It is anticipated that the land will be utilized for a further 12-month period. 11
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