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 Federation Limited
Owner Federation Centres (50%) & Perron Group (50%)
No. of stores and services 194
No. of anchor tenants 4
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.

Major retailers include David Jones, Target, Woolworths, Coles, Thomas Dux Grocer, Harris Scarfe Home, Dick Smith Electronics and Rebel Sport. It is one of the five shopping centres in Melbourne which has a David Jones.

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]

In July and November 2013 respectively Best & Less closed down and Millers Fashion Club relocated to make way for a new JB Hi-Fi store.

Retailers

Major anchors

Minor anchors

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.
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