It opened in the 1980s as part of a development to revive the western end of Preston's main street, Fishergate.

The car park, along with the station car park, occupies the remainder of the former goods yard and the site of the East Lancashire platforms of the station, which were demolished in the early 1970s.

[1] It was sold to Benson Elliot in August 2013, after former owner Agora Shopping Centres Fund was placed into administration.

[2][3] It is more recently known for its free events and monthly giveaways on social media and has been increasingly popular in 2024 due to its shops holding a lower average price point compared to its competitors.

Stores in the Fishergate Centre include McDonald's, TJ Hughes,Card Factory, Lush Primark, TK Maxx, Starbucks, H.Samuel, Poundland, Shoe Zone, Shelter and Sports Direct.