The Glen Shopping Centre
|Location||Glen Waverley, Victoria, Australia|
|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|
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. It was owned by the Shell and BHP Superannuation Funds. 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. 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.
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. 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.
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.
On March 15 2017, plans for the upgrade were unveiled. 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. The total area of the centre will increase to approximately 78,000 square metres of gross lettable area. The redevelopment is set to be completed by 2020 and will take place in 5 stages.
Stage 1 officially opened on 19 October 2017 which featured the new fresh food market hall on the ground level. This update boasted a number of new or relocated retailers including a brand new Aldi, a new relocated Woolworths, and a Colonial Fresh fruit market as well as many more cafes and fresh food retailers.
Stage 2 is expected to open in early 2018 including the new food gallery.
- "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.