With half the total retail space empty due to the loss of Daimaru, GPT announced a $195 million plan to renovate the centre in April 2002. Eventually costing $260 million, the renovated centre with a postmodern design by architects Ashton Raggatt McDougall, aimed to open the complex to more natural light, new street-front shopping strips, and bubble-like additions to the footbridge across Little Lonsdale Street, but largely compromised the design of Kurokawa. The works also compromised access to the adjacent Melbourne Central railway station, removing direct access to Swanston Street and directing passengers through the shopping centre. The renovation took the book value of the complex to $1033 million in 2010, up from $229.8 million as of at 31 December 2001.