AMP Capital has selected leading multi-residential developer Blackburne to develop 94 high-end residential apartments on the east side of Karrinyup Shopping Centre, which is currently undergoing an $800 million development. The east residences, which will comprise a range of 1, 2 and 3 bed apartments and penthouses, will add to the premium retail, food and entertainment that Karrinyup Shopping Centre will offer on completion.
AMP Capital’s WA Divisional Development Manager Shopping Centres, Scott Nugent, said mixed-use development is a trend that is being embraced both locally and nationally.
“By combining shopping, dining, entertainment and living, we’ll be creating a lively community hub where people can meet, relax, shop, dine or enjoy unique experiences close to their own home. Retailers will also benefit from having residents right on their doorstep, contributing to the vibrancy of the centre beyond 5pm.”
“Blackburne has a proven track record when it comes to the quality of their product, ability to provide bespoke design and their numerous award-winning projects. We are looking forward to working with them to deliver high-quality apartments that will complement the new Karrinyup,” Nugent said.
Located just 12 kilometres north of Perth, Karrinyup Shopping Centre is situated in a well-established area, which includes many of Perth’s most prestigious suburbs. Blackburne is planning to launch the east residential apartments for sale later in 2019, with construction set to commence towards the end of 2020 and practical completion targeted for mid-2022.
Karrinyup Shopping Centre: New Eastern Entry, facing Francis Avenue. Artistic impression only and is subject to change
The $800 million development of Karrinyup Shopping Centre, which AMP Capital is managing on behalf of owner UniSuper, commenced in November last year and will see the centre’s GLA almost double in size, growing from 59,874m2 to 109,000m2.
AMP Capital also announced H&M will open as part of the new-look Karrinyup Shopping Centre:
H&M will be one of the key tenants anchoring the significant development, which will offer approximately 290 specialty stores upon completion, including high-quality local, national and international fashion retailers, an extensive food and beverage offering, new Coles and ALDI supermarkets and a state-of-theart 10 screen HOYTS cinema.
“AMP Capital has a long-standing relationship with this iconic brand nationally, so we’re looking forward to building on this and delivering a unique retail experience to the wider Karrinyup area,” said Nugent.
Known for providing fashion and quality at the best price in a sustainable way, H&M is scheduled to open the first section of the highly anticipated new fashion mall in late 2019.
Thomas Coellner, Country Manager for H&M Australia, said they’re looking forward to building their presence in Western Australia by delivering another stand-out fashion destination.
“We are very excited to be opening a store in Karrinyup and to offer our customers another incredible fashion destination in Perth,” said Coellner.
Located on the northern side of the new-look centre, the new fashion mall, which is set to open in full in late 2020, will deliver a unique, forward-thinking mix of new and existing retailers to create a sophisticated and inspirational retail experience.
The new Karrinyup Shopping Centre is designed by architects Hames Sharley, while Multiplex has been appointed as builder. The entire development of Karrinyup Shopping Centre is on target to be complete at the end of 2021.
The development is expected to boost the Western Australian economy and retail sector, with the creation of approx. 2,500 jobs during construction and 2,500 new retail, support and management jobs.
