AMP Capital Investors has been given the go ahead from the Brisbane City Council for the proposed $150 million redevelopment of Mt Ommaney Centre, in Brisbane's south western suburbs.
Under the proposal, retail space at the AMP Australian Core Property Portfolio owned property will increase from its current 37,800 sqm to 56,600 sqm.
This additional area will include the Mt Ommaney area’s first indoor/outdoor dining precinct, a Target, a new relocated Coles Supermarket, three mini-majors and 65 new specialty retailers.
“We are very excited to bring the first indoor / outdoor dining precinct to the local community. This feature was top of mind for many people during our consultation process. The dining precinct will have up to 15 cafes and food operators and approximately 650 seats,” AMP Capital Shopping Centres’ managing director Peter Feros said.
Upon completion Mt Ommaney Centre will have 175 retailers including three discount department stores – Target, Big W, and Kmart – and two supermarkets, Coles and Woolworths. More than 75% of car parking will be undercover, with more than 2,500 car spaces numbering more than 2,500.
The proposed development is in the last stages of finalisation, which could see a start on-site mid 2008. The new centre is expected to be fully operational by mid 2010.
This is the third development approval AMP Capital Shopping Centres has received as part of its $2.4 billion development pipeline.
In April, the Gold Coast City Council approved a development application for Pacific Fair, which will become
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