Grosvenor Europe has announced that Five Guys, the authentic American burger brand, is to open at Liverpool ONE. Taking a prominent 4,822 sq ft site on The Terrace, the new 175 cover restaurant is due to open this Summer.
Five Guys will join a range of family dining restaurants on The Terrace, including Wagamama, Pizza Express, and GBK, as well as Liverpool ONE’s 18-screen Odeon cinema.
Commenting on the news, Miles Dunnett from Grosvenor Europe, said: “The signing of Five Guys on The Terrace is another great outcome of our strategy of actively managing Liverpool ONE’s offer to ensure we provide the very best mix for visitors, be they living in Liverpool, the wider North West region, or the growing number of UK and international tourists.”
Neville Mailing, Head of Property at Five Guys, added: “Securing a location on The Terrace at Liverpool ONE fulfills a long-held ambition for Five Guys. We are in a prime location in one of the UK’s prime cities.”
The news follows other exciting additions at Liverpool ONE, including signings and upsizes totalling 45,000 sq ft. Already this year, Grosvenor Europe has announced Guess, Superdry and JD Sports are to create new regional flagships in Liverpool ONE.
Metis Real Estate Advisors and Cushman & Wakefield acted for Liverpool ONE in the deal. Five Guys were represented by Central Retail.
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Notes to Editors
Liverpool ONE is Grosvenor Europe’s 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 leading UK and international retailers, including Michael Kors, Zara, John Lewis, Beauty Bazaar Harvey Nichols, Ted Baker and Reiss. They are complemented by a series of distinct dining destinations, with Busaba, Wahaca, Roxy Ball Room and Reds True BBQ all joining Liverpool ONE’s line-up in the last six months.
Grosvenor Europe’s proactive asset management has led to 20 brands committing in the past year and Liverpool ONE delivering significant sustained growth since opening. Footfall and sales, for example, have increased by 5.5% and 8% respectively per annum since 2008.
Grosvenor Europe invests, develops, operates and manages real estate assets and funds, with a focus on six European cities: Paris, Lyon, Stockholm, Madrid, Milan and Liverpool.
We draw on Grosvenor’s 300 years of experience in real estate and have a long term view of investments, which we manage vigorously to ensure we continually add value. Utilising the knowledge of our local teams, we strive to bring our ‘Living cities’ philosophy to life, creating places that are economically, socially and environmentally sustainable.
We employ over 70 real estate professionals with local knowledge and expertise, providing international partners with access to local European markets. We seek to develop and maintain long-term relationships with our investment and development partners and with the communities in which we work.
Previously known as Grosvenor Fund Management, as at 31 December 2015 we had £3.5bn / €4bn of assets under management, including a portfolio of historical buildings in the heart of Lyon’s city centre in France, Liverpool ONE in the UK and Skärholmen Centrum shopping centre in Stockholm.
For more information visit the website www.grosvenor.com @GrosvenorEurope