Retail in Asia

In Shops

Go-ahead for USD543m Chadstone Shopping Centre expansion in Melbourne

CFS Retail Property Trust will go ahead with a planned AUD580 million (USD543m) expansion of Melbourne’s Chadstone Shopping Centre and a 10-level office tower after gaining approval from the company board and owners last week.

CFS Retail (CFX) said it would expand Chadstone by more than 34,000 square metres to 212,000 sq m, ensuring it retained its status as Australia’s largest shopping mall.

CFX will revitalise the west mall of the centre with an expanded luxury section and build a new northern retail and leisure precinct.