DA for Macquarie

Development Application lodged for Macquarie Centre

We are pleased to advise you that AMP Capital Shopping Centres has now taken the official step on the path of a new and significant development for Macquarie Centre. On 20 December 2007, AMP Capital Shopping Centres, acting on behalf of the co-owners: AMP Wholesale Shopping Centre Trust No. 2 and Westfield Management Limited, lodged a Development Application (DA) with Ryde City Council which went on Public Exhibition on 23 January 2008. Lodging the DA is the result of a lengthy and comprehensive masterplanning process.

Macquarie Centre was built in 1981 and was last developed in 1999. Due to the rapidly increasing population of the north west corridor, and the changing needs of residents, employees in the surrounding Business Park and students at Macquarie University, there are opportunities to expand the centre to incorporate a greater and more varied offer. As part of the masterplanning of Macquarie Centre, a 3-stage development has been planned, however to date a DA has only been lodged with Ryde City Council for Stage 1. Pending DA approval, Stage 1 is expected to commence in early 2009, with an opening in 2010.

Stage 1 incorporates a plan to increase the number of retail stores from 250 to approximately 350. The centre will increase in size from approximately 97,000 sqm to 130,000 sqm with the number of car spaces available increasing from 4,000 to 5,400. It is expected that there will be a significant increase in the number of jobs that this will bring to the North Ryde area both during and after the development.

Without doubt, this is certainly an exciting development for the region and is a commitment to the local community that we are providing the best retail centre possible for our valued customers.

For more information and to link to development information at the City of Ryde website, click here.