Repositioning a vibrant
Melbourne retail hub

Preston Market

Preston Market is the second largest market in Melbourne, and has a rich history as a food and variety market precinct.


It currently houses 120 permanent market operators and an Aldi, and is easily accessible, located directly opposite Preston train station. The area has been earmarked for redevelopment as a principle activity centre as part of Melbourne’s 2030 Plan.


Medich Corporation bought this property in 2004 as part of a joint venture, and then acquired additional properties within the site to consolidate the precinct. We are currently working with architects on a staged masterplan for the 44,000sqm site that will eventually see a traditional retail centre added to the market, as well as apartment housing. As part of the first phase, a CentreLink office has been constructed on the site.