🇦🇺WALK AUSTRALIA - Walking Tour in Chadstone Shopping Centre | The Fashion Capital | Victoria🚶♂️
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Published 2021-07-31
Chadstone reaches $2 billion sales milestone
Chadstone – The Fashion Capital, has achieved annual sales of more than $2 billion dollars in an Australian shopping Centre first.
The milestone means Chadstone is again ranked among the top five best-performing Shopping Centres in the world by sales. The $2 billion is an increase of close to $400 million on the previous year, when sales came in at $1,671 billion. This is the first time Chadstone has reached $2 billion in a 12 month period.
Vicinity Centres CEO and Managing Director Grant Kelley said: “We are delighted that Chadstone continues to be the number one shopping, dining and entertainment destination in Australia.”
Mr. Kelley said the centre’s success was a credit to the visionary role of John Gandel who fashioned Chadstone into a world-class retail destination, and created the benchmark for Australia’s premium shopping experience, which now attracts more than 23 million visitors every year.
“The $2 billion milestone is an opportunity to reflect on the rich history of Chadstone and the important role it has played in Melbourne’s shopping past and present,” Mr. Kelley said.
“We acknowledge the ongoing support of our customers, both locally and internationally, and our retailers. We know retail is a dynamic, cyclical business and the success of Chadstone could not have happened without the dedication and innovation of our retailers and their teams.
“We know consumer expectations are always changing, so our focus has been about continuing to reinvest and evolve Chadstone to create shared value for our customers, retailers and investors,” Mr. Kelley said.
Chadstone’s growth and evolution continues, following a $660 million major redevelopment in 2016, with the $130 million, 250-room Chadstone hotel expected to open late 2019. Stage 43 also includes a new food atrium and Australia’s first full-range Victoria’s Secret store. Other projects include the $17 million West Piazza redevelopment including visitor lounge and more luxury retailers in time for Christmas.
Mr. Kelley said fashion remained a drawcard for Chadstone’s customers with 40 per cent of this year’s sales in the fashion category. Chadstone continued to attract a growing number of diners with 17 million people now eating at the Centre each year and more than a fifth of the Centre devoted to food.
Chadstone is co-owned by Vicinity Centres and the Gandel Group.
The history of Chadstone – The Fashion Capital
Chadstone was built at a cost of approximately £6 million by the Myer family and was the first regional shopping Centre in Australia when it opened in 1960. In 1983, Mr. Gandel paid $37 million to acquire Chadstone when sales were approximately $100 million a year. Mr. Gandel’s work to expand and improve Chadstone began almost immediately and has continued ever since.
1960 Chadstone officially opened, built at a cost of £6,000,000
1983 John Gandel purchased Chadstone from Myer for $37m
1984 The original mall was enclosed, Target added to the retail mix
1986 Development included the addition of Chadstone’s first cinemas
1989 Bi-Lo came to Chadstone as fresh food offer expanded
1990 The Galleria Mall was built including Australia’s first food court and additional specialties
1991 The first office spaces were opened at Chadstone
1995 Chadstone Corner, K Mart introduced
1998 Expansion included Myer, 20 specialties
1999 David Jones opened along with another 40 specialty retailers
2000 The Entertainment Precinct was opened – Hoyts expansion, Time Zone food, offer
2007 Expansion of fresh food including Safeway and the development of a five-level office tower.
2009 West Mall opened, including ground and lower ground levels, as well as luxury retailers
2016 Stage 40 opened including LEGOLAND Discovery Centre, Hoyts, H&M, Uniqlo, Zara, food central, dining terrace, more luxury and Tower One commercial office building.
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All Comments (21)
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Thank you so much for the support, likes, comments and kind words. Please don't hesitate to support my channel by clicking the Subscribe button and the Notification bell for more videos. Thanks and God Bless😊
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Beautiful place. I liked it.
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Wow big shopping 🤗 Wonderful walking tour thank for sharing my friend 😍😊
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Thank you so much for sharing. Have a beautiful day
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It's always a wonderful and amazing experience to watch your excellent video. Liked20. Cheers!
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Woow .. very nice sharing... 👍
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Thank you for sharing the wonderful video. I watched full video and L19. Have a nice day. Greetings from Seoul, Korea.
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It's a beautiful, big shopping mall, new friend👍👍👍like7
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When I was young I remember Chadstone Shopping Centre looking like a castle on the hill with Myer sign displayed. I last bought a 6 band radio receiver portable from Brashs - Right On Mr B was an advert for them at the time. It would have been early 1970's. I caught a Ventura bus from Ashwood to Chadstone. So much has changed since then.
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Nice walking tour friend 👍👍😍
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The Chadstone Shopping Centre, located in Melbourne, Australia, is one of my favorite Australian malls. That, and Westfield Fountain Gate, also located in Melbourne, Australia.
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Big and lovely mall. New friend here from Dubai
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I never expected Chadstone to be so huge, definitely much better than Westfield Sydney. It's like a smaller cousin to the Dubai Mall.
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Good day. Sharing my support . Im a new friend here now . See you at my Home. wishing you success and more additional true friends to come. God Bless Us Always.
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A very spacious mall that is so clean.
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Looks better at night
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Wow looks amazing shopping center, thanks for the tour my deae and keep it up. Sending you my 👍🏻👍🏻👍🏻👍🏻 and I hope to see you sa aking munting 🏠🏠🏠
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Oooooo beautiful centre! 🤗 Can spend there whole day!!!😁😁😁 Like 13!!!
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Magnificent shopping mall. Fantastic tour. 👍👍👍👍👍👍
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Beautiful mall. Its huge.
