The Glen Shopping Centre

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 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]

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.[12]

Stage 2 opened on 28 March 2018 which featured the new food gallery plus a number of new specialty stores. The new food court overlooks Springvale and High Street Roads and boasts great views of the Dandenong Ranges. It includes a new Schnitz, HuxtaGo by Huxtaburger, Soul Origin, Capricho, Healthy Habits and a number of other food outlets that are new to Glen Waverley. This stage also included a brand new EB Games store, Telstra Store, Shaver Shop and Australia Post.

Stage 3 is expected to open late in 2018 which will include the "fashion and lifestyle" precinct.

Tenants

Major

Minor

References

  1. 1 2 3 "Shopping with a touch of elegance". Sunday Age. 14 April 1996. p. 3.
  2. ↑ Centro Properties Group (1993). ASX announcement, 16 December 1993. Retrieved from Factiva on 5 January 2009.
  3. ↑ Australian Property News, 6 June 1996.
  4. ↑ "DJ hits The Glen", Australian Property News, 6 June 1996.
  5. ↑ Jobson's Yearbook of Public Companies, 2 July 2005 under Centro (CPL) Limited. Retrieved from Factiva on 5 January 2009.
  6. ↑ http://www.monash.vic.gov.au/Building-amp-Planning/Proposed-Developments/Major-Developments/Redevelopment-of-The-Glen-shopping-centre
  7. ↑ http://www.heraldsun.com.au/leader/east/the-glen-shopping-centre-unveils-plans-for-240-retailers-and-food-outlets/news-story/96f908f8a6b2ecc9c44f051f012363a2
  8. ↑ https://www.theglen.com.au/whats-on/frequently-asked-questions/
  9. ↑ https://www.theglen.com.au/whats-on/frequently-asked-questions/
  10. ↑ http://www.heraldsun.com.au/leader/east/the-glen-shopping-centre-unveils-plans-for-240-retailers-and-food-outlets/news-story/96f908f8a6b2ecc9c44f051f012363a2
  11. ↑ https://www.theglen.com.au/whats-on/our-vision-introducing-the-new-glen/
  12. ↑ https://www.theglen.com.au/stores/
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