MEDLOG wins major Melbourne site

MSC’s rapidly expanding logistics subsidiary MEDLOG is to become the major tenant of the former Melbourne Markets site, now controlled by Port of Melbourne (PoM).

The c.39-hectare precinct, which is located on the northern side of Footscray Road and adjoins the Swanson / Appleton / Victoria Dock container zone and neighbours the Dynon rail yards, was transferred by the state government to the PoM under a 2024-negotiated lease that runs until 2066.

The announcement of MEDLOG as the major tenant was made alongside Minister for Ports and Freight Melissa Horne and Member for Footscray Katie Hall , with PoM CEO Saul Cannon, MEDLOG CEO Ned Zver and group managing director Mark Godfrey.

The land activation, as the government describes it, will be underpinned by approximately $500 million in private sector investment across the site 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, but not limited to, rail freight and intermodal activities for import and export containers, freight logistics and storage, empty container storage, and a heavy vehicle facility.

Ms Horne said: “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,” while Ms Hall said.

“This project will reduce truck movements on local roads and make a real difference for families in the inner west, with safer streets and better connections for our community.”

The government said MEDLOG 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 PoM’s Melbourne’s central role in supporting national and international trade flows.

PoM CEO Saul Cannon said, “We are delighted to welcome MEDLOG as the major tenant for the Former Melbourne Market site. This redevelopment is a strategic investment in Victoria’s future that will help deliver a stronger and more resilient supply chain for the state.

“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,” Mr Cannon added.

Giuseppe Prudente, chairman of MEDLOG SA said, “This investment reflects MEDLOG’s long-term commitment to building resilient, port-connected infrastructure that supports global trade and local economies. Our partnership with the PoM 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, PoM said it 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 longterm value for Victoria’s freight network and surrounding communities.

MEDLOG already has a significant presence in the port, with capacious empty container parks at Webb Dock and Footscray. It recently completed the acquisition of the Seaway Group’s intermodal business and is understood to have other purchases lined up.