Property Council of Australia Group Executive, Policy and Advocacy, Matt Kandelaars, said the awards were a testament to the strength of Victoria's retail property sector and its capacity to deliver world-class destinations.
"Chadstone Market Pavilion is a shining example of innovation in Victoria's retail property sector, further cementing Chadstone's reputation as a premier destination for locals and visitors alike.
"This recognition at both the national and Victorian levels is a testament to the vision, investment and expertise behind this landmark project."
Executive Director of Retail Property Australia, Will Power, said the project demonstrated how retail destinations were continuing to evolve beyond traditional shopping experiences.
"Chadstone Market Pavilion demonstrates how retail destinations continue to evolve beyond traditional shopping, bringing together fresh food, dining and memorable customer experiences.
"This recognition is a testament to Vicinity Centres' continued investment and innovation, and reinforces the important role retail destinations play in creating vibrant communities and supporting economic activity."
RLB Director Ewen McDonald said delivering a major refurbishment at a destination of Chadstone's scale required careful planning and commercial management to ensure the centre could continue operating throughout construction.
"Chadstone is an economy in its own right. On an ambitious retail refurbishment like this, keeping the centre trading is critical.
"Temporary access, roads, loading docks, hoardings and out-of-hours work had to be carefully costed and counterweighted against the potential loss of rent. Understanding that balance was a big part of our role."
The awards highlight the continued evolution of Victoria's retail property sector, with major destinations investing in new experiences, dining and fresh food offerings to meet changing consumer expectations and strengthen their role as community hubs.
