Liverpool Shopping Park’s £11m expansion given green light

18th June 2024 | Jack Oliver

Proposals to develop a further 70,000 sq ft of retail and leisure space at Liverpool Shopping Park have been given the green light by councillors.

Derwent Estates, acting on behalf of the Albert Gubay Charitable Foundation, secured approval for the development, with 90 percent of the new space already pre-let.

Headlining the £11m expansion is a reconfiguration and refurbishment of Hollywood Bowl’s existing unit, with the operator signing a new 20-year lease for a 35,000 sq ft bowling and leisure facility.

Meanwhile, electric car manufacturer Tesla has also signed a 20-year lease, agreeing to take a 20,000 sq ft unit for a new showroom at the Liverpool scheme.

The shopping park’s food and beverage offering is also set to be bolstered by the opening of new drive-through sites for Five Guys and Costa Coffee, with both operators taking 15-year leases.

The new arrivals will join the existing tenant mix at Liverpool Shopping Park, which includes Greggs, H&M, JD Sports, M&S, Next, Nike, Smyths Toys, TK Maxx, and the most recent addition, PureGym.

James Maule-Ffinch, senior asset manager at Derwent Estates, said: “The prominent location of Liverpool Shopping Park, fronting Edge Lane, means that it has immediate appeal to retail and leisure operators. This next phase in the park’s development will increase it in size to 235,000 sq ft making it one of the region’s largest and most popular out of town retail and leisure destinations.

“The fact that we have managed to pre-let the majority of this latest phase so quickly is testament not only to the appeal of the shopping park but also the high quality of the units. We recently secured a 4,000 sq ft letting to Schuh on a ten-year lease proving that high profile occupiers continue to flock to the park. 

“Only two units of 3,000 sq ft remain and we are already in advanced negotiations with potential operators for both, which we hope to announce soon. We plan to appoint a contractor in the coming weeks with a view to starting on site later in the summer.”

McMullen Real Estate and Curson Sowerby Partners are the scheme’s retained letting agents.


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