LIVERPOOL ONE IS 55% COMMITTED
28 Apr 2006
GROSVENOR today announced that Liverpool One, the 900 million pounds retail-led regeneration of Liverpool city centre - which is being delivered by the Paradise Project - has let 55% of its floorspace, two years ahead of opening in 2008.
New Look, Sports World, Virgin Megastores and JD/Nike/Scotts have all taken major space units (MSUs) located in prime locations throughout Liverpool One. They join anchors, John Lewis and Debenhams, who will occupy 240,000 sq ft and 185,000 sq ft flagship stores respectively.
Grosvenor’s transformation of Liverpool city centre is creating a new frame of reference in the industry and retailers are seizing the opportunity to be part of this unique development at an early stage. Karen Millen, Oasis, Barretts, Earnest Jones, H Samuel, O2 and Orange have also committed to joining the anchors and MSUs at Liverpool One.
These well-known retailers provide a strong foundation to the lettings campaign, which is targeting many more regional, national and international names to bring them to Liverpool.
Upon completion, Liverpool One will feature four retail districts, 30 individually designed buildings, 1.4 million sq ft of retail space, a 14-screen Odeon multiplex cinema, 230,000 square feet of restaurants, cafés and bars, together with more than 600 new apartments, two hotels, offices, a revitalised five acre park, and new public transport interchange.
Each retail district will be imbued with a unique offer and atmosphere. The complementary and interconnecting districts have purposefully been designed to allow each to appeal to different types of consumers.
The MSUs will be located in Paradise Street and South John Street; the former being a chic European-style boulevard, designed to have particular appeal to fashion-conscious younger shoppers, and the latter being a family–orientated, shopping, eating, and leisure destination, with access to the park and the Waterfront.
The remaining two retail districts are Hanover Street, a lifestyle-focused destination with an informal, eclectic atmosphere, and Peter’s Lane, a
designer-led area, based around two small squares, narrow streets and an elegant covered arcade.
Neil Barber, Head of Retail Leasing at Grosvenor, is pleased by the industry’s positive response to the development. Neil commented: “We are absolutely delighted by the commitment that Liverpool One is attracting from retailers. At what is still quite an early stage, we have been able to secure some of the key brands that will help characterise each of the development’s retail districts. Our focus now is to attract those complementary and niche brands that will complete the individual look and feel of each district.”
Commenting on the latest retailers to be announced, Cllr Warren Bradley, Leader of Liverpool City Council said: "I am delighted, but not surprised, that top names are signing up for Liverpool One. It is one of the most exciting developments of its type being built, not only in UK, but throughout Europe. It continues to generate a real buzz about the city and it is transforming Liverpool's prospects as a retail centre. We can hardly wait for it to be complete."
Liverpool One is due to be completed in 2008, during Liverpool’s year as
European Capital of Culture.
For further information, please contact:
Justin St Clair-Charles on 01943 604 977 or 07769 644 059.
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