Gandel and Colonial Open $140 Million Wing of Chadstone Shopping Centre

Colonial First State manager Paul Donoghue says the new hub will open on Wednesday, and that all retail space in the project is fully leased. CFS owns the massive shopping centre with Gandel, which has redeveloped the centre in stages since the 1960s.

The Chadstone Place retail precinct will include Melbourne’s first Woolworths branded supermarket, signalling the end for the Safeway brand in Victoria, and Australia.

In September last year, the shopping centre owners surprised the market announcing they would proceed with a major office building without first finding a tenant to occupy part of the space.

Sources say music and electrical JB HI Fi is looking closely at leasing up to 4,000 square metres of the 8,000 square metre office tower. However JB Hi Fi managing director Richard Uechtritz said Chadstone Place is one of several buildings the group is entertaining. Its current head office is in Spinks Street Brighton, near the Gardenvale station and retail strip.

Mr Donoghue said fresh and high end food retailers including Jones the Grocer, Simon Johnson and Tangello Fine Foods will open in Chadstone Place, joining Fitness First Platinum and Dick Smith Powerhouse. Jones Lang LaSalle director Richard Height is leasing office and retail space at Chadstone Place.

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Marc Pallisco

A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.

Marc Pallisco

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