Galleria revamp pushes ahead

The $350 million expansion of Morley’s Galleria Shopping Centre is set to start this year, after Perron Group confirmed it would go ahead with the first stage of the redevelopment.

The property investment group, which owns 50 per cent of the Galleria with Vicinity Centres, has committed to the $150 million first stage of the revamp, which gained development approval in 2019.

The stage involves the refurbishment of the centre’s Myer Mall, and new indoor and outdoor dining and entertainment facilities.

The joint venture partners initially gained approval to transform the Morley shopping centre in 2016, with a Metro Central Joint Development Assessment Panel approved amendments to it in February 2019.

The $350 million project was put on hold in 2019, with Vicinity Centres reportedly waiting until the retail market improved to proceed with the expansion.

Concept plans for the Galleria's redevelopment. Image: Perron Group

In a recent statement on Perron Group’s website, the company’s general manager property investments Andrew Byars described the decision to proceed with the revamp as a significant milestone for the group.

“This marks the first major redevelopment of Galleria Shopping Centre since 2008,” he said.

“It comes after a lot of hard work, persistence and planning by everyone involved at Perron Group but also our joint venture partners at Vicinity Centres.”

Galleria's proposed overhaul. Image: Perron Group

The Galleria is currently 75,553 square metres, and Business News understands the owners have plans to expand it to close to 180,000sqm, over two stages. 

Vicinity Centres general manager of development Mark Kelley said the company looked forward to delivering “a uniquely curated space that customers can enjoy”.

It is understood that Perron Group providing $75 million as part of the first stage, with construction to start in coming months.

The second stage of the development is mooted for after 2031.