Melbourne Market wholesalers now have certainty, with Melbourne Market Authority announcing it will only apply minimal rent increases for store leases that are due to expire.
Minister for Agriculture Jaala Pulford confirmed today that the Melbourne Market Authority Board has resolved to apply a four per cent rent increase to store leases that have an initial term expiring on 31 August 2018.
The Andrews Labor Government also indicated that the upcoming three-year anniversary of the Market moving to the site at Epping was an opportunity to assess the new market, with the process to undertake a full review of market operations to be overseen by Agriculture Victoria.
The root-and-branch assessment will look at the effectiveness and efficiency of operations at the Market to ensure that the market continues to support the success of Victoria’s horticulture sector.
The Labor Government has also directed Agriculture Victoria to facilitate an independent review of costs for the glycol cooling system to ensure that business costs for store holders remain competitive.
Quotes attributable to Minister for Agriculture Jaala Pulford
“This is an outcome that gives wholesalers certainty and supports the competitive trading environment at the market by delivering a fair and equitable leasing arrangements for store holders.”
“The three-year anniversary of the market moving to Epping is an opportune time to assess the market’s operations and make sure it is set up for sustained success.”
“We’re ensuring the trading environment at the Market supports our horticulture industries to be globally competitive, highly productive and sustainable.”
Reviewed 19 August 2020