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PIPELINE: AMP Capital has earmarked $105 million to upgrade its Ocean Keys shopping centre at Clarkson. Photo: AMP Capital

Shopping centres vie to be Perth’s biggest

THE total value of major shopping centre upgrades either under way or announced in Perth this year has reached nearly $1 billion.

The most recent addition to the development list was AMP Capital’s Ocean Keys shopping centre at Clarkson, where a $105 million upgrade will start next month.

The Ocean Keys decision, announced last week, came less than a fortnight after Lend Lease announced the start of work on a $300 million expansion of its part-owned Lakeside Joondalup centre.

Lakeside Joondalup will increase in size to 96,000 square metres of gross lettable area and, as a result, will take Westfield Carousel’s crown as the largest shopping centre in Perth.

However, its hold on that title may be shortlived, with AMP Capital proposing to spend up to $400 million on an upgrade and expansion of Garden City Booragoon, which will increase in size potentially to 120,000sqm.

Other centre developments getting under way in Perth include an expansion of Perron Group’s Cockbum Gateway.

The pipeline of future projects next year could be boosted by developments at Westfield’s Whitford City and at Karrinyup shopping centre.

Westfield has developed a structure plan for Whitford, which is categorised as a secondary activity centre under the state government’s Directions 2031 planning framework.

Pending approval of the structure plan by the City of Joondalup, Westfield is expected to submit a development application next year.

An expansion at Karrinyup has been in the offing since 2010, when major tenant David Jones announced plans for a 4,500sqm expansion of its store.

However, progress has been stalled by an unresolved ownership dispute, with Westfield wanting to move to full ownership of the centre and oust AMP as centre manager.

AMP Capital announced last week that Built Environs had been selected as builder for the Ocean Keys project, following a design and tender process.

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Gross lettable area

13th-Forrest Chase41,300
14th-Mandurah Forum38,300
15th-Ocean Keys Shopping Centre37,889
16th-The Shops At Ellenbrook32,394
17th↑Warwick Grove31,977
160 shopping centres ranked by gross lettable area (gla) in m2

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