Green light for AMP Capital's Booragoon, WA shopping centre $750 million redevelopment

Green light for AMP Capital's Booragoon, WA shopping centre $750 million redevelopment
Katherine JimenezApril 29, 2014

AMP Capital has been given the green light to construct in Booragoon what will be Western Australia's largest shopping centre.

AMP confirmed today that it had received planning approval from the Western Australian Planning Commission’s for its proposed $750 million redevelopment for Garden City Booragoon, a structure that will allow the centre to grow to 120,000 square metres in size.

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.

“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,” he said.

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

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.

The redevelopment is expected to create 5,000 construction associated jobs and 5,000 new retail jobs.

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