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Chadstone Shopping Centre

Coordinates: 37°53′9″S 145°4′57″E / 37.88583°S 145.08250°E / -37.88583; 145.08250
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Chadstone Shopping Centre
Map
LocationMalvern East, Victoria, Australia
Coordinates37°53′9″S 145°4′57″E / 37.88583°S 145.08250°E / -37.88583; 145.08250
Opening dateOctober 3, 1960
DeveloperColonial First State Property Management
ManagementColonial First State Property Management
OwnerGandel Group (50%) [2]
CFS Retail Property Trust [3] (50%)
No. of stores and services~530[1]
No. of anchor tenants11
Total retail floor area186,500m² (lettable)
No. of floors2
3 in Borders, Myer and David Jones
Parking9500
Websitechadstoneshopping.com.au

Chadstone Shopping Centre (also known colloquially as Chaddy[4]) is a super-regional shopping centre located in the inner south-eastern suburb of Malvern East in the city of Melbourne, Australia. The centre is the oldest in Victoria, opening on October 3, 1960, and the largest in Australia and the Southern Hemisphere, with approximately 530 stores and over 9500 free car parking spaces. The centre boasts major anchor stores such as the Myer and David Jones department stores, Coles, Woolworths and Aldi supermarkets, and Kmart and Target discount department stores as well as a Hoyts cinema multiplex, an AMF bowling alley, a Borders store, an Apple Store, Dick Smith and JB Hi-Fi electronics stores and over 500 specialty stores, of which the majority are fashion related over other categories, with numerous high-end labels being tenants of the centre. There are also two office towers located at the southern side of the centre as well as two food courts.

History

The site of the current shopping centre was once extensive paddocks of the Convent of the Good Shepherd on which cattle grazed until the mid 1950s.

An aerial photograph of the area in which Chadstone Shopping Centre now stands, in 1945, with the current centre perimeter shown in red.

Opened in October 1960 [5], (The Post Office on 3 October 1960)[6] Chadstone Shopping Centre was the first self-contained regional shopping centre in Melbourne, and the largest ever built in Australia. The centre was built and owned by the Myer Emporium. The original shopping centre consisted of a single mall-way with Myer at the southern end and a Dickins supermarket at the northern end. In 1984 the centre had its first expansion. In 1985 Coles New World was relocated and a Target Discount Department Store was opened. In 1986 a Hoyts 8 Cinema Complex was opened.

In the early 1980s, the Myer Emporium sold the shopping centre to the Gandel Group, which has since managed and developed the complex. A major extension doubled the lettable area in the late 1980s. The Convent of the Good Shepherd was finally demolished to extend the carpark of the complex in this era.

Throughout the 1990s, the complex has undergone numerous developments. These include the development of multi-storey carparks due to the boundaries of the centre being built-up with no further room to expand. Approximately 20% of the original mall structure is left intact with this number to be reduced due to the construction of the West End Mall.

It has remained Australia's largest shopping centre thanks to regular development. Chadstone's main local rivals are Westfield Doncaster to the north, Knox City Shopping Centre to the east and Westfield Southland to the south.

Redevelopment

Exterior view of David Jones from the South-West side.

Chadstone has received significant redevelopment in the last 4 years. Since late December 2007 a AUD$100 million upgrade saw the centre's owners extend Chadstone's lettable area to 190,000 m². The result of this is that Chadstone resumes it's title as the largest shopping centre in Australia.[7] The new extension, dubbed 'Chadstone Place', featured a Woolworths Supermarket, First Choice Liquor, Aldi and a Dick Smith Electronics Concept Store along with an airport-style waiting area bus interchange, two new health clubs (Contours and Fitness First Platinum) and a crèche. On 29 October 2007 the first section of the redevelopment was open. Named "The Loop Mall" it featured 44 new stores including a redesigned Jetty Surf and new entrances opposite Kmart and Toys 'R' Us.

The last major redevelopment, commencing in early 2007, impacted almost one quarter of the centre, (the oldest section of the centre, from Sportsgirl to Mrs. Field's/Borders, being closed), from 31 May 2008, until Nov 2009.[8]. The development also included redesigning the roads leading into Chadstone to allow for better traffic flow into the centre. As part of the development an independent community group launched and maintained a website to keep track of construction developments.[9].

On the 22 of August 2009, 50 new shops, including Sportsgirl, Portmans, Esprit, Witchery, were opened. In November, a golden strip of luxury retailers were officially opened. 12 international fashion houses now have stores at Chadstone including Louis Vuitton, Gucci, Prada, Chanel, Miu Miu, Tiffany & Co., Ralph Lauren, Hugo Boss, Omega, Burberry, Coach and Jimmy Choo.[10]

Upon completion there are now a total of 530 shops[11] and 9,500 car spaces, more than any shopping centre in Australia.[12]

Revenue and Profit

Chadstone Shopping Centre was the first shopping centre in Australia to have its total worth valued at over A$1 billion. Chadstone Shopping Centre's net income was $970 million in 2004. Its annual profit in (2004) was A$79.03 million , with its entirety of stores gaining an income of A$119.23 million.[13] In 2004, Chadstone Shopping Centre had an Annual Traffic Movement of 16.7 million moving through the centre.[13]

In 2007, the annual turnover was A$1 billion, making it the shopping centre in Australia with the highest annual turnover and the first to have an annual turnover of A$1 billion.[11]

Transport

The 'Chadstone Corner' entrance, one of the main entrances flanked by bus stops.

Although the centre was created in the era of the motor vehicle, this fact is now severely limiting the growth of the complex. It is surrounded by over 9,500 car parking spaces on three parking levels, and yet it is still notoriously difficult to park there at times. The current upgrade will increase the number of parking spaces even further.

There are concerns from the City of Stonnington and City of Monash Councils and local residents about the motor vehicle congestion around it as well as competition from local street shopping strips. The nearest trains are at the Hughesdale and Oakleigh stations on the Cranbourne/Pakenham lines. Hughesdale is roughly a 10-minute walk from the shopping centre. On the Glen Waverley line is Holmesglen station, which is over a kilometre away down the busy Warrigal Road. The Public Transport Users Association is running an ongoing campaign for improved public transport in and around the centre.

There are also many bus routes that use the shopping centre as an interchange, notably the newly introduced route 903 SmartBus.

Tenants

Interior view on the ground level looking west towards Myer.

There are 530 stores & luxury boutiques, including Major tenants Myer, David Jones, Kmart, Target, Coles, Best & Less an AMF Bowling Centre, and a Hoyts Cinema Complex featuring 16 theatres (of which 7 are Cinemaxx with stadium seating and 5 include the higher-priced La Premiere seating). The many clothing & luxury stores range from globally renowned names like Louis Vuitton, Chanel, Tiffany & Co, Armani Exchange, Ralph Lauren, Calvin Klein, Pandora, Guess, Levi's, Nike, Calvin Klein Jeans and Speedo, right down to lesser known labels like Saba.

Major stores include:

Fitness & Leisure:

Entertainment:

Luxury Stores:

Designer Boutique stores:

  • 50 Australian and International designer boutique stores. [4]

Past Major stores include:

  • Buckley & Nunn Department Store 1960, later closed.
  • Dickins Supermarket 1960 - 1982
  • McEwan's Hardware Store 1985 - September 1997
  • BI-LO (renamed to Coles in December 2006) May 1990 - November 2007

See also

References

  1. ^ [1]
  2. ^ http://www.forbes.com/lists/2009/78/australia-rich-09_John-Gandel_PNRL.html
  3. ^ http://www.cfsgam.com.au/assetmanagement
  4. ^ [2]
  5. ^ http://gallery.slv.vic.gov.au/image.php?id=802 Chadstone Shopping Centre, Wolfgang Sievers, 1960. State Library of Victoria collection
  6. ^ Premier Postal History. "Post Office List". Retrieved 2008-04-11.{{cite web}}: CS1 maint: postscript (link)
  7. ^ "Chadstone seeks to expand". The Age Company Ltd. 2003-01-21.
  8. ^ Chadstone Shopping Centre now the biggest
  9. ^ Chadstone Development Forum
  10. ^ "New huge fashion stores opening at Chadstone". The Herald Sun. Retrieved 2009-08-22.
  11. ^ a b "Chadstone launches 50 new stores on Saturday". Inside Retailing. Retrieved 2009-08-22.
  12. ^ http://www.chadstoneshopping.com.au/newsitem.aspx?id=8756
  13. ^ a b http://www.chadstoneshopping.com.au/leasing-infomation/ | Chadstone Shopping Centre Leasing Information
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