Footlocker and HMV make 35,00 sq ft footprint at Liverpool ONE
Grosvenor Europe has announced leading global athletic footwear and apparel retailer, Footlocker, is to open a 21,000 sq ft store on Liverpool ONE’s South John Street. To accommodate, HMV has relocated to a new 13,000 sq ft store on South John Street.
The new Footlocker will be one of the brand’s largest in a global portfolio of 2,500 stores.
Alison Clegg, Director, Asset Management at Grosvenor Europe, said: “Securing Footlocker is a reflection of our strategy of providing visitors with a highly compelling and relevant offer that is unavailable elsewhere. Along with the new HMV, the new stores will provide on-trend, exciting offers that further strengthen Liverpool ONE’s great mix of brands.”
“An increasing number of retailers including Footlocker, JD Sports, and Nespresso have launched new stores concepts in Liverpool ONE, an endorsement of their performance and confidence.”
According to Globaldata, the athleisure sector was valued at approximately £2.5billion globally in 2017. Footlocker is the latest in a series of sportswear and footwear brands to select Liverpool ONE for significant stores, with JD and Superdry both opening in Q4 of 2017 and popular concept brand, Seven Liverpool, owned by Footasylum, recently celebrating its first birthday on Liverpool ONE’s Paradise Street.
HMV’s new store also responds to growing consumer trends. It will feature an extensive area dedicated to vinyl, following the brand’s announcement at the end of last year that vinyl sales had hit their highest level since the 1980’s.
The two new brands are the first to be announced in 2018, following the recent launch of JD’s 40,000 sq ft store on Paradise Street in December. Their signing also follows a record year for Liverpool ONE, with sales up 3% in 2017 compared to 2016 and footfall exceeding 29 million for the first time.
Cushman & Wakefield and Metis Real Estate Advisors acted for Liverpool ONE. Footlocker were represented by Brasier Freeth. HMV dealt direct via their in-house team.
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Notes to editors
Liverpool ONE is Grosvenor Europe’s unique retail and leisure destination at the very heart of Liverpool. Its virtually invisible boundaries connect the city with the impressive waterfront and the inspiring architecture of the commercial district.
Spread over three levels, Liverpool ONE is the region’s destination of choice for consumers and brands alike. Its offer includes over 170 leading UK and international retailers, including Michael Kors, Zara, John Lewis, Beauty Bazaar Harvey Nichols, Ted Baker and Reiss. They are complemented by a series of distinct dining destinations, with Wahaca, Roxy Ball Room and Reds True BBQ all joining Liverpool ONE’s line-up in the last twelve months.
Grosvenor Europe’s proactive asset management has led to 20 brands committing in the past year and Liverpool ONE delivering significant sustained growth since opening. Footfall and sales, for example, have increased by 5.5% and 8% respectively per annum since 2008.
Grosvenor Europe invests in, develops, operates and manages real estate assets and funds, with a focus on six European cities: Paris, Lyon, Stockholm, Madrid, Milan and Liverpool.
We specialise in mixed-use property, with strong expertise in retail and leisure and have a growing focus on residential development. We combine our local knowledge with Grosvenor Group’s 340 years’ experience in global real estate, providing access to European markets for international partners and creating value for our Shareholder, investment partners and the local communities in which we work.
As at 31 December 2016 Grosvenor Europe managed £2.9bn / €3.43bn of assets including Liverpool ONE in the UK, Skärholmen Centrum shopping centre in Stockholm and a portfolio of residential developments in central Madrid. For more information visit the website www.grosvenor.com @GrosvenorEurope