AMP Capital has won the Property Council of Australia’s Best Shopping Centre Development award for Macquarie Centre
The final stage of the $440-million refurbishment of Macquarie Centre opened in October 2014. The project transformed Macquarie Centre’s retail offering and customer experience while delivering an exceptional outcome for investors.
AMP Capital Global Head of Property Carmel Hourigan said: “I’m delighted the AMP Capital Property team has received industry recognition for the excellent job it has accomplished in delivering Macquarie Centre to be our benchmark development.
Macquarie Centre has performed strongly during its first year of trade, which is pleasing. In managing and developing our assets, we look beyond short-term outcomes and focus on what this means for our investors over the long term; this is one of the important metrics we set ourselves when determining what success looks like.”
Hourigan added: “Macquarie Centre is the first of a number of quality retail developments AMP Capital is undertaking on behalf of our investors. On the Gold Coast, the final stage of the Pacific Fair refurbishment will open in a few months while work continues in Perth on behalf of our investors on the developments of Garden City and Karrinyup shopping centres. These are unique assets with the ability to deliver superior outcomes for our clients.”
AMP Capital is also working on the development of its landmark Quay Quarter precinct in Sydney’s Circular Quay, which will involve construction of a 90,000m2 tower on behalf of its core fund investor. SCN