Liverpool One, the iconic mall in the heart of the city, has proven to be a driving force behind Liverpool’s remarkable urban revitalization. Co-owned and operated by Grosvenor, this thriving retail and entertainment complex demonstrates that retail ventures are far more than profit generators for their owners; they are catalysts for a community’s «physical and social renaissance.»
Impressive Economic Impact Over 15 Years
Over the course of 15 years, this expansive 42-acre destination has contributed an astounding £4.1 billion to economic activity, serving as a linchpin in the impressive 24% growth of the Liverpool City Region (LCR) visitor economy. Beyond these staggering numbers, Liverpool One has made a significant impact by delivering £1.9 billion to the UK Exchequer and paying £300 million in business rates. Additionally, it has consistently supported an average of 4,700 jobs each year for Liverpool residents.
Community Engagement and Social Impact
Liverpool One has gone beyond commerce to fund community projects, benefiting an astonishing 500,000 local young individuals. It has been a vibrant host to 1,500 community events and facilitated around 12,000 charity collections. Perhaps most remarkably, it has welcomed a staggering 390 million visits, re-establishing the city’s connection to its waterfront and igniting broader regeneration efforts, as acknowledged by Grosvenor.
Liverpool’s Ascension as a Retail Destination
Liverpool One’s inauguration acted as a transformative force, reactivating the city center and catapulting Liverpool from the 17th to the fifth most popular retail destination in the UK. Its allure lies in its ability to consistently attract prestigious brands, many of which choose Liverpool One for their flagship stores outside London.
A Hub for Global Brands
In the past five years alone, Grosvenor has masterfully secured nearly 70 brands, including the coveted Inditex group, cementing Liverpool One’s status as the only destination outside London to feature Zara, Bershka, Pull&Bear, and Stradivarius. Moreover, it proudly houses the largest JD Sports store globally.
Quality, Partnership, and Vision
Rachel Dickie, Executive Director of Investment at Grosvenor, underscores their unwavering commitment to creating a city center of unparalleled quality, blending contemporary urban design with a profound respect for local identity. This approach has made Liverpool ONE an irresistible destination for occupiers and visitors alike, spanning generations.
She emphasizes, «In these evolving times, a steadfast commitment to long-term investment and effective partnerships is imperative for the prosperity of UK towns and cities. The success of Liverpool One stands as a testament to bold and innovative regeneration efforts. Despite mounting challenges faced by public and private sectors, we must draw inspiration from success stories like Liverpool One to propel future growth and address the multifaceted challenges confronting communities throughout the UK.
