AMP Capital continues to re-shape real estate portfolio with new residential development

AMP Capital has progressed the development of additional high-end residential apartments at the Karrinyup Shopping Center in Perth as it continues to re-shape its retail and office assets into Australia’s leading mixed-use real estate portfolio.

The new luxury residential complex, to be developed by Blackburne Property Group, will add to the recent $800 million redevelopment of Karrinyup Shopping Center, which is managed by AMP Capital on behalf of its owner, UniSuper.

Blackburne is also the development partner for the residential apartments on the east side of Karrinyup Shopping Center. Construction is well under way on 94 high-end residential apartments comprised of one-, two- and three-bedroom apartments and penthouses. With 95 percent already sold, the contemporary apartments, known as East Village Karrinyup, will offer incredible views over Lake Gwelup, surrounding parklands and the city skyline, matched with unbeatable convenience and connectivity in Perth.