The Glen Shopping Centre
Location | Glen Waverley, Victoria, Australia |
---|---|
Coordinates | Coordinates: 37°52′35″S 145°9′54″E / 37.87639°S 145.16500°E |
Opening date | 1967 |
Management | Vicinity Centres |
Owner | Vicinity Centres (50%) & Perron Group (50%) |
No. of stores and services | 140 |
No. of anchor tenants | 5 |
Total retail floor area | 57,776 m² |
No. of floors | 2 of stores and 5 of car parking |
Parking | 3,100 |
Website | http://www.theglen.com.au/ |
The Glen Shopping Centre is a major regional shopping centre located in Glen Waverley, Victoria, Australia. The head offices of MYOB are located in the centre.
History
The Glen first opened in 1967 with a Woolworths, a department store called Lindsays which was later taken over by Target, and 30 specialty shops and 600 car parking spaces.[1] It was owned by the Shell and BHP Superannuation Funds.[2] In 1991, the centre expanded to 120 stores, including a Best & Less and 2,000 car parking spaces. In addition, a food court, multiple levels of undercover car parking and travelators were added.[1] At this point, Centro Properties took over the management of the centre. In February 1994, Centro acquired a 50% interest in the centre at a cost of A$37 million, with the two superannuation funds retaining 25% each; the Safeway was redeveloped at this time.[3]
A major expansion in 1996 costing A$8 million saw the number of retailers expand to 170, including the opening of the first suburban David Jones store in Melbourne, with an official launch on 22 May 1996.[1][4] In August 1999, a new consortium, Glen Property Trust in which Centro had a 50% interest, bought out the superannuation funds' stake in the centre at a price of A$81.5 million, taking Centro's stake in the centre to 75%. In June 2000, Centro acquired the final 25% share.[5]
Redevelopment
In July 2015, the Council approved plans for a $500 million redevelopment of the centre including a new public square area, an expansion of the actual centre with 100 new speciality stores as well as three apartment towers. [6]
On March 15 2017, plans for the upgrade were unveiled. [7] 100 speciality stores will be added (including local, national and international retailers), bringing the total number of stores at The Glen to over 240. A "next generation" David Jones store (similar to that of Eastland) will also open. [8] The total area of the centre will increase to approximately 78,000 square metres of gross lettable area. [9] The redevelopment is set to be completed by 2020 and will take place in 5 stages. [10] [11]
References
- 1 2 3 "Shopping with a touch of elegance". Sunday Age. 14 April 1996. p. 3.
- ↑ Centro Properties Group (1993). ASX announcement, 16 December 1993. Retrieved from Factiva on 5 January 2009.
- ↑ Australian Property News, 6 June 1996.
- ↑ "DJ hits The Glen", Australian Property News, 6 June 1996.
- ↑ Jobson's Yearbook of Public Companies, 2 July 2005 under Centro (CPL) Limited. Retrieved from Factiva on 5 January 2009.
- ↑ http://www.monash.vic.gov.au/Building-amp-Planning/Proposed-Developments/Major-Developments/Redevelopment-of-The-Glen-shopping-centre
- ↑ http://www.heraldsun.com.au/leader/east/the-glen-shopping-centre-unveils-plans-for-240-retailers-and-food-outlets/news-story/96f908f8a6b2ecc9c44f051f012363a2
- ↑ https://www.theglen.com.au/whats-on/frequently-asked-questions/
- ↑ https://www.theglen.com.au/whats-on/frequently-asked-questions/
- ↑ http://www.heraldsun.com.au/leader/east/the-glen-shopping-centre-unveils-plans-for-240-retailers-and-food-outlets/news-story/96f908f8a6b2ecc9c44f051f012363a2
- ↑ https://www.theglen.com.au/whats-on/our-vision-introducing-the-new-glen/