AMP Capital has appointed construction company Brookfield Multiplex as the builder for the $600 million redevelopment of Karrinyup Shopping Centre in Perth.
The regional centre is located in the affluent coastal suburbs 12 kilometres north of Perth. Upon completion, the redevelopment will deliver a number of new large format international retailers, high-quality fashion retailers, a food and entertainment offering and 150 residential apartments. The current retail offer includes department stores and a range of fashion retailers.
“The redevelopment of Karrinyup will see the centre expand from 59,715sqm to 113,000sqm and will surpass all other retail precincts previously delivered in Perth for its range of shops, lifestyle and entertainment options,” said Scott Nugent, state development manager, AMP Capital Shopping Centres.
“We are excited to deliver the next phase of Karrinyup, which will reposition it to provide customers with an unprecedented retail and entertainment experience. AMP Capital has been investing in Western Australia since the late 1800s, and we look forward to investing further in the state.”
Brookfield Multiplex CEO, John Flecker, said after completing an extensive refurbishment of Karrinyup Shopping Centre in 1996, the centre’s next redevelopment will transform it into a world-class shopping and lifestyle precinct.
“Several members of our current team worked on the 1996 refurbishment, myself included, so it’s exciting to have the opportunity to again bring Karrinyup Shopping Centre into a new age with AMP Capital.
“We look forward to working collaboratively with AMP Capital and renowned architects Hames Sharley and Taylor Robinson to finalise the detailed design over the coming months ahead of starting construction next year.”
The redevelopment of Karrinyup will create 2500 jobs during construction and 2500 jobs created in retail sales, support and management.
“The new-look centre will be destination shopping at its finest and, on behalf of Council, I can say that we are all greatly anticipating the end result, which will be simply outstanding,” councillor Giovanni Italiano, The Mayor of the City of Stirling.
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