£11m plans launched for significant expansion of Liverpool Shopping Park
Plans have been unveiled for an £11m extension to Liverpool Shopping Park, creating an extra 80,000 sq ft of retail and leisure space.
The planning submission has been put forward by The Derwent Group, acting on behalf of the Albert Gubay Charitable Foundation, linked to the next phase of the park’s development.
The proposals include the creation of two new drive through units and a 20,000 sq ft commercial unit suitable for a number of uses, such as a car dealership or non-food retail operator.
The adjacent building, which existing tenant Hollywood Bowl occupies, will be reconfigured to create an enhanced and exciting new bowling and leisure experience for its customers.
These new units will benefit from prominent frontage to Edge Lane – a key route into the city centre – and will be in good company with existing occupiers including River Island, Next, M&S Food Hall, Greggs Smyths Toys, JD Sports and T K Maxx.
James Maule-Ffinch, senior asset manager at the Derwent Group, said: “Currently totalling more than 165,000 sq ft, Liverpool Shopping Park is quickly emerging as one of the region’s biggest out of town retail and leisure destinations and continues to secure high profile brands including Nike, which recently launched its new Unite concept store having taken a 10,000 sq ft unit at the park before Christmas.
“Our phased approach to the development of the park has allowed us to create a unique and flexible offering that not only responds to the demands of our tenants but also meets the changing needs and expectations of its visitors.”
He added: “We have also continued to invest significantly in the public realm space to create an active frontage to the units and an enhanced pedestrian experience through several commercialisation initiatives.”
Subject to planning approval, construction will start on site before the end of the year with a view to being operational by the first quarter of 2025.
ATP Planning is the planning consultant advising the Derwent Group with RGP the architect.
McMullen Real Estate and CSP are the appointed letting agents for the scheme.
The Derwent Group manages the Albert Gubay Charitable Foundation’s property portfolio, which funds the work of the charity. That portfolio comprises three million sq ft of office, industrial, retail and leisure space nationwide.
Albert Gubay was an entrepreneur who, in his lifetime, created a business empire that was worth more than £700m. His determination, drive and passion to create a lasting legacy was borne from a pact he made as a young, penniless man where he vowed to give half of the wealth he created to the service of God. He left most of the wealth he created to AGCF.
The North Wales-born businessman made his fortune with the Kwik Save retail chain, building it further on investments, mainly in property development.