Grosvenor Fund Management (GFM) has announced that Victoria’s Secret and its sister brand, Victoria’s Secret PINK, are to open a 10,000 sq ft flagship on Liverpool ONE’s lower South John Street. Work to create the store, which involves combining a number of standard sized units, begins in the New Year, with the brands making their Liverpool debut in summer 2016.
Victoria’s Secret joins a growing list of international retailers selecting Liverpool ONE for regional flagships. In the last 12 months, Michael Kors has chosen Liverpool ONE’s Peter’s Lane for its second store outside London, coinciding with the opening of Zara’s 27,000 sq ft two-floor flagship on South John Street. In addition, Hugo Boss has upsized, and both UGG and SuperTrash have launched boutiques, the latter taking its first store outside the West End.
To accommodate Victoria’s Secret and Victoria’s Secret PINK, GFM has relocated Ann Summers and Card Factory to new stores of 3,675 sq ft and 3,058 sq ft respectively on South John Street.
Cushman & Wakefield and Metis Real Estate Advisors acted for Liverpool ONE. CBRE represented Victoria’s Secret. Rapleys dealt for Ann Summers and Barker Proudlove for Card Factory.
For more information contact:
Hamish McDougall/Sorrel Basher, Press Office
020 7312 6479/6101
Notes to Editors
Grosvenor Fund Management
Our fund management business aims to create value for investors, shareholders and staff by creating compelling investment strategies that are expertly implemented. Building on our recognised skills and track record, we focus on urban property, often mixed-use and with a retail focus, in cities and locations whose vibrancy will endure. We select high-quality assets and manage them vigorously. We treat our tenants, as well as our investors, as partners, building close and mutually beneficial relationships that draw on Grosvenor’s long experience in real estate. We work best with clients who, like Grosvenor, have a long-term view of investments while being alert to the potential of short-term opportunities to enhance returns. As at 31 December 2014, assets under management were £3.0bn with 59 investor partners in 21 property funds, club deals and separate account mandates.
Liverpool ONE is a 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 high street names anchored by John Lewis, Beauty Bazaar Harvey Nichols, Debenhams and the largest Topshop in Europe outside of London. Other recent additions include Byron, Browns and TGI Friday’s, Zara has opened its new regional flagship, and Liverpool ONE is home to the first standalone Michael Kors store in the North West. 22 brands committed to Liverpool ONE in the last year and almost 50,000 sq ft of restaurant brands were added to the line-up.