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AMP ASSET MANAGEMENT

Fireworks In West Auckland As Prime Minister Takes The Plunge

The Prime Minister has been confirmed to re-open Lynn Mall and
push the plunger on the largest land-based fireworks display
West Auckland has seen on 16 July.

"We're really looking forward to the grand opening and having
the Prime Minister there will make it all the more significant,"
said Head of Property for AMP Asset Management, James Darkins.

The two and a half year refurbishment project concludes this
week, transforming one of New Zealand's largest malls into its
newest.

"We wanted to say thank you to the West Auckland community, and
a big fireworks show seemed an exciting way to do this," said
Mr Darkins.

"We'd like as many people to attend as possible. The best places
for parking will be in the New Lynn town centre car park and
the top level car park at LynMall. People should be in position
by 7pm."

The refurbishment began in early 1997 and was phased to allow
continual trading and public access to the centre during construction.
The new look LynnMall features high ceilings, functional and
ornate finishes, terrazyte floors and three spectacular atriums.

The new LynnMall houses 110 retail premises and around 600 predominantly
West Auckland employees. The centre averaged 120,000 visitors
a week prior to development, a figure that is expected to rise
after the grand opening.

AMP Asset Management is New Zealand's largest investment company
managing funds of over $9 billion. It is also the country's
largest private property investment company, managing a property
portfolio of 1.4 billion.

ENDS

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