The Glen Shopping Centre

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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 / -37.87639; 145.16500
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[edit]

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[edit]

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]

Stage 1[edit]

Stage 1 will include the Fresh Food Market Hall & Everyday Needs section which is expected to be completed by late 2017. This stage will include a brand new Aldi Supermarket. [12]

Stage 2[edit]

Stage 2 of the development will mark the opening of the New Food Gallery which will be opened in early 2018.

Stage 3[edit]

Stage 3 of the expansion will involve the opening of the Fashion & Lifestyle wing, expected to open late in 2018.

Stage 4[edit]

The fourth stage of the expansion will include the opening of the new David Jones store as well as the Premium Fashion mall & New Town Square.

Stage 5[edit]

The fifth and final stage of the redevelopment features the mini majors precinct, expected to open in early 2020.

Majors[edit]

Major stores include:

Mini-Majors[edit]

References[edit]