CROYDON’S 102-year old market will not re-open at Centro Croydon shopping centre.

PCL Prattcorp, the centre’s new owners, confirmed tothe Leader on Friday that the market had finished on the site after 90 years.

Property manager Gullu Ertekin blamed the closure on safety, insurance and feedback from tenants.

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“I can categorally say no, the market will not open again,’’ Ms Ertekin said.

Ms Ertekin spoke to the Maroondah Leader after the company earlier released a statement on the issue.

“We recognise the anguish and hurt that the closure has created for some stall users,’’ the statement said.

“It has been a hard decision, but we believe it has been the right one to make.’‘

Monbulk nursery owner Emmanuel Berger, who has sold plants at the market for up to 50 years, said Prattcorp had shown little compassion.

“It is absolutely revolting, they could have done it in a more humane manner,’’ Mr Berger said.

The market’s future had been clouded since more than 100 traders arrived to find it closed on June 27.

Prattcorp, in its statement, said it intended to submit future plans – such as improving car park lighting, signs, security and pedestrian access – to Maroondah Council within three months.

Ms Ertekin said the company was “unsure’’ about future development but was “working rapidly’’ to submit a masterplan to the council.