Grosvenor Fund Management (GFM) has today announced that Wahaca, the Mexican street food brand co-founded by Thomasina Miers, Reds True BBQ and Turtle Bay, the Caribbean restaurant, are to open on Liverpool ONE’s Hanover Street.
Wahaca and Reds True BBQ are sharing two floors of 111 to 116 Hanover Street, with 6,833 sq ft and 4,336 sq ft respectively. Turtle Bay will be located at 123 to 124 Hanover Street, the two units combining to create a 3,066 sq ft restaurant. Together totalling 14,235 sq ft of new dining in Liverpool ONE, all four brands will be making their debut in the city. Wahaca and Reds True BBQ will open before Christmas, with Turtle Bay following in the New Year.
Dynamic, fast-paced and facing the thriving Rope Walks area of Liverpool city centre, Hanover Street is home to an eclectic mix of bars and restaurants appealing to visitors seeking something different. Together with Bem Brasil, Lunya, the independent Catalunyan restaurant on nearby College Lane, and its other well-known bars and restaurants, Hanover Street is gaining a reputation as one of the most up-and-coming dining destinations in the North West.
Commenting on the three latest additions, Miles Dunnett, Director of Portfolio Management at Grosvenor Fund Management, said: “With sales, footfall and dwell all growing year-on-year, demand for space in Liverpool ONE is at its strongest, as reflected in these latest signings. Wahaca, Reds True BBQ and Turtle Bay each bring something very different to the city, and Liverpool ONE specifically, and will further increase its appeal as the most exciting retail and leisure destination in the North West.”
Thomasina Miers, Co-founder of Wahaca, added: “Liverpool is unparalleled as a UK cultural hub, and we have been looking for the right location here for a while. The opportunity to move into Liverpool ONE in a great position on College Lane was an easy choice for us and we’re excited to bring our Mexican market food, original street art and pure agave tequila and mezcal to Merseyside.”
YTD catering sales at Liverpool ONE are 12.5% up, ahead of the 8.6% increase in restaurant spending reported in a recent survey by Visa Europe and Markit.
Metis Real Estate Advisors and Cushman & Wakefield acted for Liverpool ONE. Wahaca dealt directly, and Syteways and JLL represented Reds True BBQ and Turtle Bay respectively.
For more information contact:
Hamish McDougall/Sorrel Basher, Press Office
020 7312 6479/6101
Notes to Editors
Grosvenor Fund Management
Grosvenor Fund Management 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.