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.
Location | Glen Waverley, Victoria, Australia |
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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 | 250 |
No. of anchor tenants | 5 |
Total retail floor area | 78,776 m² |
No. of floors | 2 of stores and 5 of car parking |
Parking | 3,100 |
Website | TheGlen.com.au |
The Glen first opened in 1967 with Woolworths, Lindsay's (which later became 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 Woolworths 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 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.[8] The redevelopment is set to be completed by 2020 and will take place in 5 stages.[7][9]