Uncategorized

amp kicks off 800 shopping centre expansion



The centre’s last major works were completed in 1998 at a cost of $95.3 million, adding 54,000sq m of leasable floor area.

AMP Capital’s global head of real estate Carmel Hourigan said the development is a great opportunity to position the longstanding shopping centre as a destination for the future, while delivering sustainable investment outcomes for UniSuper.

“As long-term investors in Western Australia, today marks a significant day for AMP Capital and our valued client, UniSuper and its members who are the ultimate recipients of the compelling investment returns that this development aims to deliver,” Hourigan said.

The redevelopment, designed by Perth-based architecture firm Taylor Robinson Chaney Broderick and Hames Sharley, will also add 94 high-end residential apartments, scaled back from the 150 originally planned.

Related: Future Fund Exits WA Market with $850m Retail Sale



Source link