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Liverpool ONE Hailed For Transforming City

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Liverpool ONE Hailed For Transforming City

03/12/18

Liverpool ONE – which is marking ten years in operation – has “transformed” the city centre and made it the “envy of many across the UK and overseas”, according to Steve Rotheram.

The site opened in May 2008, coinciding with Liverpool’s year as European Capital of Culture. Since then, the destination has contributed £3.3bn in total GVAl, provided an average of 4,700 jobs for the Liverpool City Region and helped the area’s retail output expand at more than ten times the national rate.

Research by Grosvenor Europe – the developer, co-owner and asset manager of Liverpool ONE – has also found that the site has welcomed 301 retailers and restaurants totalling almost 2.3 million sq ft. This includes 84 international brands, as well as 36 that were firsts for the North West upon signing.

Miles Dunnett, director of portfolio management at Grosvenor Europe, said: “From the outset, our goals for Liverpool ONE were to reinvigorate Liverpool’s retail and leisure offer, create a connected mixed-use destination that local residents could be proud of and, overall, to deliver lasting commercial and social benefits to the Liverpool City Region.

“We recognise that Liverpool ONE wasn’t just about property investment but also the economic and social turnaround for the city. Our commitment and determination to deliver this promise has exceeded all expectations and we are extremely proud to have helped achieve great things for Liverpool over the past ten years.”

Rotheram added: “Liverpool City Region has many reasons to celebrate the last ten years, not least of which is Liverpool ONE. It has transformed the city centre of Liverpool, making it the envy of many across the UK and overseas.

“Together with the outstanding work that has been done to reinvigorate the city’s rich cultural heritage, boost tourism, and drive inclusive growth in the local economy, we can all be proud of what has been achieved for Liverpool City Region in the last decade and look forward to what the future holds.”

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