The shopping centre features around 140 stores, including Woolworths, Coles, Kmart, Target, Reading Cinemas, Rebel Sport, Cotton On, Priceline and First Choice Liquor.
[citation needed] The shopping centre was again redeveloped in 2007 with an expanded Target and 36 new specialty stores.
A further two-stage redevelopment in 2014 saw Waurn Ponds Shopping Centre double in size to 48,000 sq/m.
Waurn Ponds Shopping Centre is currently owned by a dual partnership between Australian Unity and The Industry Superannuation Property Trust (ISPT).
ISPT purchased a 50% stake in the Centre from Australian Unity in June 2014, at a cost of $63 million.