The operator of Perth's biggest fresh food trading hub has banked a $21 million profit courtesy of a sharp rise in the value of the unlisted public company's property holdings.
Western Australia's oldest fresh food markets has welcomed tenants to its new $8.4 million building, part of a 20-year masterplan for the 51-hectare Canning Vale property.
Treasurer Mike Nahan hopes to raise $16 billion from an expanded asset sales program, with Western Power and Horizon Power's Pilbara transmission lines now targeted but two other assets unexpectedly removed from the government's sell-off list.
SPECIAL REPORT: A flurry of deals over the past fortnight, including four acquisitions by international companies expanding in Western Australia and the year's largest capital raising, has added life to a flat corporate finance market.
Investment banking giant Credit Suisse has dealt a blow to the state government's hopes of a big windfall from the privatisation of Western Australia's TAB, revising its value estimate down by at least 65 per cent to under $250 million.
The corporate watchdog has told the public to steer clear of a potential scam website that uses the same registered business name and the same business number as the recently privatised Market City.
Former Skilled Group executive David Timmel has been appointed to the top job at Perth Markets, the newly formed company that has acquired the Perth Market Authority's Market City.
Sydney-based GrainCorp has emerged as a cornerstone investor in a bid to corporatise and list CBH Group, through a complex deal that would deliver up to $1 billion in cash plus share
The state government has completed the first in a series of planned asset sales, announcing that it has concluded negotiations with an industry consortium to purchase the Perth Market Authority's Market City.
There is little immediate prospect of the state government expanding its current $5 billion asset sales program, despite Premier Colin Barnett seeming to flirt with the possibility this week.
The state government's asset sales program has taken a step forward today, with Gresham Advisory Partners appointed as lead adviser for the partial sale of Keystart's loan book.
SPECIAL REPORT: Local firms Azure Capital and Hartleys punched above their weight in 2015 in what was a lucrative year for a handful of top corporate advisers in WA. Click through to see which corporate advisers, lawyers and brokers managed 470 M&A and capital raising deals.
