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 | 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.
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]
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.