AMP Capital has lodged a development application with the City of Melville for the $750 million redevelopment and expansion of Perth's iconic Garden City Shopping Centre.

Garden City is owned by investors in the AMP Capital Diversified Property Fund (ADPF), a $4 billion portfolio of prime Australian office, industrial and shopping centre assets.

The new development is expected to include two full-line department stores, two new full-line supermarkets, large format international fast fashion retailers and flagship stores, an additional discount department store, a comprehensive main street casual dining and leisure precinct, a new cinema complex and a broad assortment of fresh food offerings.

AMP Capital Shopping Centres Managing Director Bryan Hynes said AMP Capital will create a truly exceptional shopping and leisure experience that will attract residents as well as tap into the visitor market.

"Garden City Shopping Centre is already the number one performing shopping centre in Western Australia and we want to ensure this iconic Perth destination remains the best in the state," Mr Hynes said.

"This redevelopment, along with our plans for Karrinyup Shopping Centre, has been a long-term collaboration between AMP Capital, the state government and local councils. Both redevelopments are major investments representing a significant boost to the economy and show AMP Capital's commitment to Western Australia. Across the two developments, we intend to invest more than $1.4 billion in the state, creating around 5,000 construction roles and more than 5,000 retail jobs upon completion."

AMP Capital Diversified Property Fund Manager Kylie O'Connor said the proposed development is an exciting opportunity for customers, retailers and investors in ADPF.

"The Garden City trade area is forecast to grow from 480,000 to 555,000 by 2026 and our vision is to ensure the centre remains the premier retail destination in Perth," Ms O'Connor said.

"The Garden City trade area is forecast to grow from 480,000 to 555,000 by 2026 and our vision is to ensure the centre remains the premier retail destination in Perth," Ms O'Connor said.

The development of Garden City will increase the size of the centre from 72,000 square metres to approximately 120,000 square metres and if approved is expected be completed in 2019.

Garden City is managed by AMP Capital Shopping Centres and the development application is on display at City of Melville Council and Garden City until September 2015.

One of the largest, unlisted property funds in the country, ADPF has total assets of approximately $4 billion and currently comprises 18 high quality assets across the Australian office, retail and industrial property sectors, as well as units in the AMP Capital Shopping Centre Fund and AMP Capital Wholesale Office Fund. This includes the newly-developed Macquarie Centre in Sydney, Pacific Fair on Queensland's Gold Coast, which is currently undergoing significant re-development, and the potential development of Quay Quarter Sydney, a landmark commercial office tower located in Circular Quay, Sydney.

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