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Major international brand to join Karrinyup as part of $800m development

By AMP Capital media team

Spanish apparel retailer Zara has been announced as the latest global heavyweight to join Karrinyup Shopping Centre’s fashion offering, with the new store set to open as part of the Fashion Loop in late 2021.

Zara was founded in 1975 and is one of the largest fashion companies in the world. It is known for delivering the latest trends its Woman, Man and Kids collections.

AMP Capital’s Divisional Investment & Development Manager WA, Scott Nugent, said Zara joining the retail mix at Karrinyup is a major achievement for the centre and a reflection of the calibre of the new centre’s fashion offering.

“We are thrilled to announce that Zara will be opening at Karrinyup Shopping Centre. We know our customers are big fans of Zara, so we’re pleased to be able to deliver what they want to see at Karrinyup.

“The new-look Karrinyup will be Perth’s leading fashion and lifestyle destination with an offering you won’t find anywhere else,” said Mr Nugent.

Zara’s new store will be located on Level 1 of the Fashion Loop and feature the global brand’s latest store design, which will be the first of its kind in Australia.

The new Karrinyup store will feature the full range of innovative fashion and accessory designs for women, men and children. The new-look store design will have a distinctly urban feel and span one floor, making it much more convenient for customers to explore the range.

In addition to Zara, Karrinyup Shopping Centre will also welcome visionary beauty-retail concept Sephora at the end of 2021 as part of the new Fashion Loop. Zara and Sephora will join H&M, UNIQLO and Mecca as part of the expanded fashion and beauty offering.

The major $800 million development of Karrinyup Shopping Centre commenced in November 2018 and will see the centre almost double in size. Upon completion, Karrinyup will feature approximately 290 stores along with a brand new entertainment and dining precinct.

The development is expected to boost the Western Australian economy and retail sector with the creation of approximately 2,500 jobs during construction and a further 2,500 new retail, support and management jobs following.

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While every care has been taken in the preparation of this document, AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232497) makes no representation or warranty as to the accuracy or completeness of any statement in it including, without limitation, any forecasts. Past performance is not a reliable indicator of future performance. Neither AMP Capital nor any company in the AMP Group guarantees the repayment of capital or the performance of any product or any particular rate of return referred to in this document This document has been prepared for the purpose of providing general information, without taking account of any particular investor’s objectives, financial situation or needs. An investor should, before making any investment decisions, consider the appropriateness of the information in this document, and seek professional advice, having regard to the investor’s objectives, financial situation and needs. This document is not intended to be and does not constitute financial advice nor a recommendation to subscribe for or purchase any investment by any person in any jurisdiction nor does it constitute an offer, solicitation or invitation to subscribe or purchase any investment in any jurisdiction where it would be contrary to the laws, regulations or directives in force or applicable in such jurisdiction.

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