MEDLOG, one of the world’s largest logistics companies, has been announced as the major tenant for the redevelopment of the former Melbourne Market site.
The transformation will be underpinned by approximately $500 million in private sector investment and will unlock its full potential through efficient land use.
The establishment of port functions at this site is expected to improve traffic movement in the area, with future uses of the site including rail freight and intermodal activities for import and export containers, freight logistics and storage, empty container storage and a heavy vehicle facility.
The announcement of MEDLOG as the major tenant was made alongside Victorian Minister for Roads & Road Safety and Ports & Freight, Melissa Horne, and Member for Footscray, Katie Hall, with Port of Melbourne CEO, Saul Cannon, MEDLOG CEO, Ned Zver, and Group Managing Director, Mark Godfrey.
“This is about keeping goods moving while taking pressure off local streets – cutting truck traffic, improving safety and strengthening Victoria’s supply chains,” said Horne.
“By bringing freight closer to the port, we’re making the system more efficient and delivering real benefits for communities, the freight industry and businesses right across the state.”
MEDLOG, the logistics arm of the MSC Group, brings global expertise in developing intermodal terminals, rail corridors, warehouses and empty container parks.
The company’s decision to establish major operations at the site reflects both confidence in Victoria’s economic future and in Port of Melbourne’s central role in supporting national and international trade flows.
Operating globally across more than 80 countries, MEDLOG is one of the largest shipping-related logistics providers in the world.
“This investment reflects MEDLOG’s long‑term commitment to building resilient, port‑connected infrastructure that supports global trade and local economies,” said MEDLOG SA Chairman, Giuseppe Prudente.
“Our partnership with the Port of Melbourne is a natural extension of that strategy – aligning world‑class port capability with integrated inland logistics to move cargo more efficiently from ship to customer.”
Alongside MEDLOG’s development, Port of Melbourne is working closely with government, port users, industry stakeholders and potential tenants to consider additional uses that will support operational efficiency – ensuring the precinct is developed in a way that delivers long‑term value for Victoria’s freight network and surrounding communities.
Cannon said Port of Melbourne is delighted to welcome MEDLOG as the major tenant of the project.
“With approximately $500 million in private investment planned across the whole precinct and a significant uplift in jobs and economic activity, this redevelopment is a strategic investment in Victoria’s future that will help deliver a stronger and more resilient supply chain for the state,” he said.
“By bringing global leaders like MEDLOG to Melbourne, we are strengthening our state’s supply chain competitiveness and creating the conditions for more efficient, sustainable growth across the entire freight network.”
In other news, the Port of Newcastle has delivered its strongest diversified trade performance on record.
