The development is due to commence in 2018.
The development will take around three years to complete.
The development is estimated to cost around $750 million.
There is an opportunity to grow and expand the centre to meet the needs of the growing community surrounding Booragoon, as well as retailer and customer needs. AMP Capital is working closely with the City of Melville to ensure Garden City Shopping Centre remains the premier retail destination in Perth.
AMP Capital has carried out significant customer research, including the formation of an online consumer consulting board, which has helped to create the vision for the new Garden City Shopping Centre.
The centre will grow from 72,000 square metres to around 120,000 square metres.
The centre will grow from 190 stores to around 370 stores at completion.
The new centre is expected to include:
- relocated and expanded David Jones store joining existing Myer & Kmart
- two new full line supermarkets
- a comprehensive main street casual dining and leisure precinct
- a new Hoyts Cinema complex
- an impressive range of large format international fast fashion retailers and flagship stores
- a comprehensive assortment of fresh food
Scentre Design and Construction.
The redevelopment is expected to boost the Western Australian economy and retail sector, and is estimated to create 2,500 new jobs during construction and 2,500 new permanent retail jobs.
Importantly, the development will provide jobs for the next generation, with retail jobs in particular providing employment to university and school students, as well as in many cases, a second family income.
While these do not form part of this development application a significant number of apartments will form part of the future development and will be managed by our partners TRG.
Yes, there will be additional parking as well as improved pedestrian and cycle access.
The carpark will be expanded to meet the needs of the redeveloped centre and the current car parking management system is currently under review.
We will commence leasing the new centre once the development application is approved. We hope to attract the best in Australian and international retailers.
Our research shows there is a strong desire within the local community for a redevelopment of the centre.
There is capacity within the market for many centres to grow. Before SPP4.2 commenced in 2010, all centres had a cap and therefore couldn’t expand regardless of the market. Like other owners in WA we are focusing on expanding our asset and providing the best possible offer. It’s good news for customers, giving them more choice and access to more brands.
In addition to the resident population, WA attracts 24.1 million visitors, accounting for 10.4% of visitor spend in Australia, with 13.729 million visitors to Perth.
We have undertaken detailed research within the community which indicates the vast majority want Garden City to be developed and expanded to meet their needs.
Shoppers have told us that they want to see an improvement in the retail, food and entertainment on offer at Garden City. The further evolution of Garden City will ensure it remains the premier retail destination in Perth. We want to attract the very best in international and Australian retailers and provide Perth shoppers with a retail offer of a world class standard.