The initial 12 ha (30 acres) of land was sold to Myer in March 1958.The original shopping centre consisted of a single open-air mall with Myer at the southern end and a The first major change was made to the centre in the 1970s or 1980s: the mall was roofed over with translucent fibreglass, an acknowledgement that the open mall did not suit the Melbourne climate. The complete list can be found here as well as in the latest issue of [...]By James Dunn Spare a thought for Australian retailers. During the same period a bowling alley and auditorium were opened, and the Dickens store was altered to be more easily accessed from the mall.In the early 1980s, the Myer Emporium sold the shopping centre to the In 1984 the centre had its first major expansion: in 1985 now Coles New World was relocated into a new mall and a Target Discount Department Store was relocated from downstairs to a new store where Coles used to be, and in 1986 a Hoyts 8 Cinema Complex was opened. The centre's owners had sought a further expansion to include a 250-room hotel and 15,000mThe 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. 1 Spot On 2017 Forbes Australia Rich List In November 2015, Vicinity Centres moved its Head Office to Chadstone Shopping Centre (of which they own 50%), the largest shopping centre in the Southern Hemisphere.
Already struggling with weak consumer sentiment, stagnant wage growth and higher energy bills--their own and their customers'--now they must deal with Amazon. She surpasses mining magnate Gina Rinehart who had held the pole position for five straight [...]Asian interest in Australian property boost fortunes of real estate tycoons SINGAPORE (January 29, 2015) – Mining tycoon Gina Rinehart retains the top spot on the latest Forbes Australia Rich List. The renovated section includes many global brands such as 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.In 2010, Chadstone had a 20% increase in the moving annual turnover (MAT), making The centre reported an annual turnover for 2013 of $1.4 billion, an increase of 3 percent on the previous year, making it the shopping centre with the highest turnover in Australia. "I’ve got nothing against the guy but he is disrupting the industry," said AFR Rich Lister John Gandel, who owns half of Chadstone shopping centre in Melbourne. The northern expansion, including a new Target store on the lower ground floor, would be accommodated within a four-level glass-roofed atrium. The new extension, dubbed "Chadstone Place", featured a The last major redevelopment, commencing in early 2007, impacted on almost a quarter of the centre, (the oldest section of the centre, from Sportsgirl to Mrs. Field's/Borders, being closed), from 31 May 2008, until November 2009.The development also included redesigning the roads leading into Chadstone to allow for better traffic flow into the centre. The richest person down under has a net worth of $11.7 billion.
The U.S. online retail behemoth announced in April that it was coming to Australia and bringing its full set of [...]SINGAPORE (January 28, 2016) – Reclusive American heiress and longtime Australia resident, Blair Parry-Okeden, is the richest person in Australia with a net worth of US$8.8 billion, according to the 2016 Forbes Australia Rich List. Vicinity Centres owns Chadstone and Emporium in Melbourne – both very fancy shopping destinations – plus Chatswood in Sydney and QueensPlaza in Brisbane.
The next biggest was Chadstone Shopping Centre was designed as a car-based centre when this was the norm and it remains highly dependent on cars for customer access. He subsequently built his own fortune in shopping centres. These include the development of multi-storey carparks due to the boundaries of the centre being built-up with no further room to expand. Mining mogul Gina Rinehart retains the top spot on the list with a net worth of US$14.8 billion.SINGAPORE (November 2, 2017) – Mining mogul Gina Rinehart regained the No. Approximately 20% of the original mall structure is left intact with this number to be reduced due to the construction of the West Mall.
The panel's report said problems also arose from overflow parking in nearby streets at peak times such as Christmas and major sales, and that the local community had expressed concerns that future growth at Chadstone would worsen the problem.
Scentre owns Westfield malls in Australia. In 1983, he bought the Chadstone Shopping Centre, selling Sussan to his brother-in-law in 1985 to concentrate on real estate. The centre has more than 9300 car parking spaces and the proportion of staff and customers arriving by car continues to grow: between 2002 and 2011 the share of customers arriving by bus fell sharply from 17% to 12%, while the proportion of those walking or cycling fell from 5% to 3%. Planners now acknowledge it would be a major challenge to reverse the trend.The independent planning panel that in 2012 reviewed Stonnington Council's proposed C154 planning scheme amendment relating to Chadstone's expansion plans said the centre contributed to "significant traffic issues" in the area, with traffic on nearby major arterial networks heavily congested and intersections "close to saturated at peak times". As part of the development an independent community group launched and maintained a website to keep track of construction developments.The CFS Retail and Gandel Group boards gave the go-ahead for part of the works in May 2014, which would add 34,000 square metres to a total of 212,000 sq m. The west mall would be "revitalised" with an expanded luxury section, while work at the northern end would create a new retail and leisure precinct accommodating a Hoyts digital cinema complex, up to five international flagship stores in 11,000 sq m of space, 40 new retailers and a 1300-seat, 26-tenant food gallery.
Demolition began in June 2014 and construction in September 2014, with staged openings through to completion on 13 October 2016.This extension opened in October 2016, and was marketed as "The New Chadstone". 1 spot on the 2017 Forbes Australia Rich List after a near doubling of her wealth to US$16.6 billion since last year’s list.
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