RESIDENTIAL PROPERTY

Blackburne strikes apartment deal with AMP Capital

Print Friendly, PDF & Email

AMP Capital has chosen developer Blackburne to develop 94 high-end residential apartments on the east side of Karrinyup shopping centre, which recently signed fast fashion label H&M and is undergoing an $800 million development.

AMP Capital’s WA divisional development manager shopping centres, Scott Nugent, said mixed-use development is a trend that is being embraced both locally and nationally.

“By combining shopping, dining, entertainment and living, we’ll be creating a lively community hub where people can meet, relax, shop, dine or enjoy unique experiences close to their own home. Retailers will also benefit from having residents right on their doorstep, contributing to the vibrancy of the centre beyond 5pm.

“Blackburne has a proven track record when it comes to the quality of their product, ability to provide bespoke design and their numerous award-winning projects. We are looking forward to working with them to deliver high-quality apartments that will complement the new Karrinyup,” Nugent said.

The east residences, which will comprise a range of 1, 2 and 3 bed apartments and penthouses, will sit alongside Karrinyup’s 109,000 sqm of retail including a new H&M store, food and entertainment, located just 12kms north of Perth.

Blackburne founder and managing director Paul Blackburne said the project presented a unique opportunity to create larger, higher-end residences in a premium location.

“Located on the east side of Karrinyup shopping centre, the elevated site provides incredible views over Lake Gwelup, surrounding parklands and the city skyline.

“By combining shopping, dining, entertainment and living, we’re presenting buyers with a level of convenience and connectivity that has not previously been seen before in Perth,” Blackburne said.

The apartments will be available for sale later this year with construction set to commence towards the end of 2020 and practical completion targeted for mid-2022.

Related posts
RESEARCH

Capital continues to flow into RE

GLOBAL real estate assets under management grew by 14% to US$3.6 billion at the end of 2019 with…
Read more
CORONAVIRUS COVID-19 PANDEMICPROPERTY REVIEWERRESIDENTIAL PROPERTY

Australian house prices starting to fall – collapse likely averted but expect more weakness ahead

OPINION: SIGNIFICANT policy support & the earlier reopening of the economy have made our…
Read more
CORONAVIRUS COVID-19 PANDEMICRESIDENTIAL PROPERTY

House prices growth set to slow

AUSTRALIA’S stunning housing market rebound is set to end as price growth slowed in March, and…
Read more