Edge Lane’s Liverpool Shopping Park will expand in an £11m project that will see the complete redevelopment of Hollywood Bowl.
Liverpool City Council has approved plans from Derwent Estates, which manages the shopping centre on behalf of the Albert Gubay Charitable Foundation, to expand it by 70,000sq ft. 90% of the area has been pre-let and it will take the total size of the park to 235,000sq ft.
The development will see Hollywood Bowl’s unit reconfigured and completely refurbished to create a new 35,000sq ft bowling and leisure facility with a new 20 year lease agreed. Tesla is also set to open a new 20,000sq ft car showroom on the site, having also agreed a 20 year lease.
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The £11m expansion will also see two new drive-thrus added to the site. They will be operated by Five Guys and Costa Coffee, having both taken 15 year leases.
The additions will join brands including M&S Food Hall, H&M, Nike, Greggs, Next, Smyths Toys, JD Sports, TK Maxx and most recently, PureGym at the shopping park.
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 235,000sq ft making it one of the region’s largest and most popular out of town retail and leisure destinations.”
Mr Maule-Ffinch added: “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 4,000sq ft letting to Schuh on a 10 year lease proving that high profile occupiers continue to flock to the Park.
“Only two units of 3,000sq 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.”
ATP Planning is the planning consultant advising Derwent Estates with RGP the architect and Drees & Sommer (UK Ltd) acting as the project managers. McMullen Real Estate and CSP are the retained letting agents for the scheme. Work is due to commence this year.
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