Grosvenor to extend Liverpool One

PROPERTY investor Grosvenor has bought an 11-unit row of shops on Lord St in Liverpool city centre from Land Securities for £19.1m.

The units at 52-78 Lord St are between South John St and Paradise Street – both of which serve as entrances into Grosvenor’s Liverpool One development.

They have been bought by the Grosvenor Liverpool Fund with a view to incorporating them into Liverpool One, which will increase its presence on the main pedestrian route to South John Street from Church Street.

Miles Dunnett, asset manager for the Grosvenor Liverpool Fund, said: “This acquisition both reaffirms our commitment to Liverpool, a city that is thriving, and strengthens the wider Liverpool ONE offer.

“Active asset management of 52-78 Lord Street to improve the visibility, size and appeal of its units will create new opportunities for retailers. Consistent with our approach on Liverpool ONE, this will help to bring more new brands to the city, further improving the offer for visitors.”

The units are all currently let to a variety of businesses including Specsavers, French Connection, Yorkshire Building Society, Dollond & Aitchison Opticians, Home Bargains, Co-op Travel and Games Station.

Mason Owen acted for the Grosvenor Liverpool Fund and Lunson Mitchenall acted for Land Securities.