AMP Capital on track to deliver $780m in retail development with successful completion of Marrickville Metro
AMP Capital is on track to deliver close to A$1 billion ($780 million) of retail development on behalf of UniSuper, with today’s successful completion of the A$142 million ($110 million) Marrickville Metro development, alongside Perth’s Karrinyup Shopping Center, due to open its first phase in July. These developments reaffirm AMP Capital’s commitment to retail and to delivering investment opportunities to our clients in this evolving asset class. These developments also demonstrate the important role retail centers play in their local communities.
“We are delighted with the result and congratulate the entire AMP Capital development team and their design and construction partners for delivering a destination that locals can be proud of, particularly amidst such a difficult environment for everyone,” said Kent Robbins, UniSuper’s Head of Property & Infrastructure. “The inclusion of sustainable design principles, such as the rooftop solar panels, is another ex