Topshop goes big on Liverpool
Published: 17 April, 2007
Sir Philip Green is to open his biggest Topshop/Top Man store outside London at Grosvenor's Liverpool One project.
The existing store on Liverpool's prime Church Street is to be more than doubled in size to become a 65,000-sq ft three-level ‘mega store'. It will be situated at one of the main entrances to Liverpool One, on the corner of Church Street and Peter’s Lane, which leads into the new scheme.
To facilitate the letting Grosvenor paid around £40m for the final part of its Liverpool One site assembly. The 66,056-sq ft, six-storey building at 22/36 Church Street was acquired from LaSalle Investment Management. Tushingham Moore advised Grosvenor.
Neil Barber, head of retail leasing at Grosvenor, said: “Topshop and Topman are two of the most powerful brands on the UK high street and we are delighted to have them as part of Liverpool One with their most significant new store in the UK. Liverpool One’s catchment residents are big buyers of fashion, spending more per head than their counterparts in Manchester, and we are confident the new Topshop/Topman store will be a great success.”
The deal follows the handover of the 240,000-sq ft John Lewis department store for fit-out. Grosvenor is also on target to hand over the 185,000-sq ft Debenhams store in May. Other major tenants already committed include New Look in 36,000 sq ft; Sports World in 27,000 sq ft; Virgin Megastores in 18,000 sq ft and JD/Nike in 16,000 sq ft.