15/08/2025
This afternoon Preston Market traders received a letter from management announcing that Salta Properties have sold their share of the market ownership to PMD partner and co-owner Medich Corporation. This means Medich Corporation is now the sole owner of the Preston Market Precinct.
While this is sudden news for us, and undoubtedly puts another level of uncertainty around the direction of Preston Market's future, we do know that under the Retail Leases Act, the change in ownership bears no impact or change on the existing leases achieved and set in place after the recent campaign to safeguard the future of the market.
Regardless, we will continue to liaise with our fellow traders, the community, management and the new ownership structure to ensure the longevity, sustainability and culture of this institution that means so much to so many.
With much love, Preston Market Traders.
