Media Releases

AMP Capital evolving Australian shopping centres with introduction of new AutoMall concept

By AMP Capital media team

AMP Capital, one of the country’s largest shopping centre managers, has today announced it has joined forces with one of the nation’s biggest automotive retail groups to revolutionise the traditional shopping centre mix and the way cars are bought and sold in Australia – effectively bringing the car sales showroom and service centre inside a shopping centre.

AMP Capital, on behalf of investors in Indooroopilly Shopping Centre in Brisbane’s inner-west, has secured a lease with national automotive dealership retail operator Eagers Automotive to establish an AutoMall in the centre – marking a complete shift in the way cars are marketed, purchased and serviced in Australia and the evolving retail mix of regional shopping centres.

AMP Capital Head of Retail and Investments - Real Estate, Marco Ettorre said the partnership with Eagers Automotive is a clear example of how AMP Capital is responding to customer feedback and the changing nature of shopping centres.

“We are excited to partner with Eagers Automotive in this exciting new retail format and first within Australia. This partnership is a coming together of the future of car sales and the future of retail.

“We know from our research that customers are seeking a broader offer beyond the traditional retail mix when visiting their local shopping centre. This includes new experiences, a broader mix of services and stores with a greater level of convenience. The AutoMall West at Indooroopilly is just one of the new exciting usages that we are creating that customers will come to expect in the shopping centre of the future,” said Mr Ettorre.

The AutoMall West at Indooroopilly – expected to open December 2021 – will be the first of its kind in Australia. Multiple car brands will be represented in a purpose-built future retail shopping experience, providing a one-stop destination not just for car shopping but also for new and used vehicle purchasing, servicing and maintenance.

Eagers Automotive COO, Keith Thornton said: “The AutoMall West at Indooroopilly is the perfect complement to the AutoMall BNE – which we’re building next to the expanded Brisbane Airport. We know that what customers are looking for in a car shopping experience has changed. By bringing our car sales operation into the familiarity of a shopping centre environment, we’re simply modernising our offering. It’s an Australian first that we couldn’t be more excited about.”

The AutoMall West at Indooroopilly will comprise a 12-bay roof-top ‘Quick Service’ facility, with a customer drop-off and pick-up within the existing shopping centre car park – meaning you can get your car serviced on site while you shop.

The service will be underpinned by an express-service online booking system – allowing customers to nominate the two-hour period in the day that best suits them.

Directly below the service bay – and within the shopping centre proper – will be 2400 square metres of brand-new car sales showroom. The space has been designed by Sydney-based Public Design Group – renowned for their innovative retail concepts – and will blend seamlessly with the shops around it and even feature a children’s playground and fully-functioning café.

Test drives of new vehicles will be conducted from the AutoMall, customers will be able to order and take delivery of new cars from the comfort of VIP delivery bays, and shoppers in the market for a second-hand car will be able to browse thousands of new and used cars via Eagers’ Automotive Easy Auto 123 National Used Car Brand.

It’s expected there will be at least eight new car brands represented in the Auto Mall at opening – including Porsche Centre Brisbane – with other participating automotive brands to be confirmed in the coming weeks.

Indooroopilly Shopping Centre is managed by AMP Capital on behalf of investors in the AMP Capital Shopping Centre Fund, AMP Capital Diversified Property Fund and Commonwealth Superannuation Corporation.

Media enquiries
Lara Evans
M +61 419 226 449
E lara.evans@ampcapital.com

Bryce Corbett
M +61 410 711 999
E bryce@domestiqueconsulting.com.au

About AMP Capital

AMP Capital is one of the largest and most experienced direct real estate fund managers in the Asia Pacific, with more than $27 billion in funds under management as at 30 June 2020. AMP Capital offers institutional and private investors access to real estate equity and debt opportunities globally through a range of wholesale funds and separately managed solutions.

About Indooroopilly Shopping Centre

Indooroopilly Shopping Centre is managed by AMP Capital on behalf of investors in the AMP Capital Shopping Centre Fund, AMP Capital Diversified Property Fund and Commonwealth Superannuation Corporation.

Indooroopilly Shopping Centre is the largest shopping centre in the western suburbs of Brisbane and houses David Jones, Myer, Target, Kmart and supermarkets, Coles, Woolworths and ALDI, Queensland’s first H&M store and a selection of international and Australian designers. Leading fashion brands include Polo Ralph Lauren, Scanlan Theodore, Ted Baker, Hugo Boss, Sass & Bide, Zimmermann, Camilla and more.

About Eagers Automotive

Eagers Automotive has a long and proud history in Australia operating within the automotive industry that extends for over 100 years.

Eagers Automotive has grown substantially to be the number one automotive group in Australia which includes significant presence in every state and additional locations within New Zealand.

Further information can be found at www.eagersautomotive.com.au

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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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