AMP Capital has welcomed the Western Australian Planning Commission’s approval of its structure plan for Garden City Booragoon that will allow the centre to grow to 120,000 square metres in size, making it the largest shopping centre development to be approved in the state.

AMP Capital has a long history in Western Australia and has been involved with Garden City Booragoon and the community for more than 20 years.

AMP Capital Head of Shopping Centres Bryan Hynes said the vote to approve the plan was another step forward for AMP Capital’s proposition to redevelop an integrated Garden City Booragoon.

“We are pleased to have the support of both the City of Melville Council and the Western Australian Planning Commission to progress plans to redevelop Perth’s premier retail destination, Garden City Booragoon.

“Our proposed development will further enrich the retail offer of Perth’s iconic shopping centre to include enhanced retail, leisure and lifestyle precincts as well as residential development to create an iconic activity centre for Perth,” Mr Hynes said.

The proposed redevelopment is valued at up to $750 million and will include a new full line David Jones, a new full line supermarket and fresh food precinct, allowance for an additional discount department store and an outdoor dining precinct linked to the cinema.

As Perth’s leading retail destination, Garden City serves a growing community surrounding Booragoon. The centre has ranked number one for specialty sales per square metre in Western Australia for more than ten years. Last year, it opened Perth’s largest Apple store and introduced Sunday trading.

The redevelopment is expected to boost the Western Australian economy and retail sector, and is estimated to create 5,000 construction associated jobs and 5,000 new retail jobs. 

Garden City is managed by AMP Capital and owned by AMP Capital managed funds.

About AMP Capital Shopping Centres: 

AMP Capital Shopping Centres combines world-class experience and specialist capabilities with a deep understanding of local property markets. Supported by the strength of AMP Capital and the experience of the AMP Group, we are uniquely positioned to provide premium property management services to some of Australia and New Zealand’s most successful and high-performing retail centres. Established in 1971, AMP Capital Shopping Centres has a portfolio comprising 26 centres throughout Australia and New Zealand, which generate more than A$6 billion in annual sales and attract more than 170 million visitations annually. AMP Capital Shopping Centres employs more than 275 people and has more than 3,000 individual retailer relationships*.

AMP Capital Shopping Centres’ planned $2.8 billion development pipeline includes major redevelopments at Macquarie Centre in northern Sydney ($440 million), Pacific Fair on the Gold Coast ($670 million), Ocean Keys in northern Perth ($105 million) and proposed projects at Garden City Booragoon (up to $750 million) and Karrinyup Shopping Centre in Perth.

*As at December 2013. Includes internally and externally managed centres.

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