The new Liverpool One shopping centre.

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3rd June 2008

Liverpool One

[photo: Liverpool One]

Phase One of the new Liverpool One shopping centre opened next to the five acre Chavasse Park in the city centre on May 29th. Chavasse Park is the cityís new green space that provides both access to Liverpool One and views of the waterfront. In an unusual and innovative move, the park has been built atop a 3,000 space car park. Liverpool One is the creation of The Paradise Project which belongs to Grosvenor and its development partners.

[photo: Liverpool One]

This regeneration project covers approximately 42 acres, equivalent to 28 football pitches. The further statistics for the site are quite impressive. It contains 6 districts, 1.6m sq ft of retail space that holds 160 shops, 2 hotels (Hilton and Novotel) a 14-screen Odeon cinema, 230,000 sq ft for restaurants (including Wagamama), cafes and bars, plus space for offices and 600 apartments. This is of course supported by a new public transport infrastructure. The districts are named by street and are each given an individual focus. For example, South John Street is family-oriented and includes a Disney Store, while Paradise Street is an urban-fashion zone. Hanover Street has homeware shops with a street market and Peterís Lane provides traditional arcades. The Point of Arrival (i.e. the bus station) and Chavasse Park are the final two districts. The buildings have been designed by 25 renowned architects such as Pelli Clarke, who is acclaimed for his Petronas Twin Towers that are in Kuala Lumpur. The whole scheme has been built at a cost of somewhere between £900m and £1 billion and was first announced on 1st November 2005.

[photo: Liverpool One]

The developers have attracted a wealth of famous names to the centre, including Puma, John Lewis, Debenhams, Apple, HMV, La Senza, O2, Superdrug and Zara. The grand opening of both phases is scheduled for September 30th when further retailers, such as Jigsaw, Office, Sony and Zavvi, will be opening their stores.

[photo: Liverpool One]

The impact of this development on the city canít be underestimated. It is rather akin to having Manchesterís Trafford Centre, which is located on the Greater Manchester M60 ring road within a largely industrial area, positioned within a city centre. Indeed, given that many visitors to the Trafford Centre are from Merseyside, both it and the Cheshire Oaks outlet village at Ellesmere Port are certain to feel the effects of having this new retail destination within driving distance. Liverpool One has already been given an unofficial royal seal of approval, when the Queen and Prince Phillip visited Liverpool One on May 22nd. Her Majesty unveiled a plaque on a water feature that celebrates the marking of three centuries since Liverpool became a city and port.

The agents for Liverpool Oneís commercial space are Cushman & Wakefield, Strutt & Parker and Tushingham Moore.