Chadstone Shopping Centre (Chadstone – The Fashion Capital) is jointly owned by Vicinity Centres and interests associated with John Gandel (Gandel Group), with each holding a 50% stake in the asset.

Quick Scoop: Who owns Chadstone?

  • Chadstone is a super‑regional shopping centre in Malvern East, Melbourne, and is regarded as Australia’s largest shopping centre by floor area.
  • The centre was originally developed by the Myer Emporium but was sold in 1983 to the Gandel Group , controlled by billionaire John Gandel.
  • Today, ownership is structured as a 50/50 partnership between:
    • Vicinity Centres – a major Australian retail property REIT that owns and manages shopping centres nationwide and is headquartered at Chadstone.
* **Gandel interests (Gandel Group / Gandel family)** – long‑term private investors and developers in the centre since the 1980s.

In practical terms, this means Chadstone is not owned by a single person or brand, but by a listed property group (Vicinity) together with the Gandel family’s private investment group, who have been central to its expansion and redevelopment over several decades.

Information gathered from public forums or data available on the internet and portrayed here.