Owners of St Johns shopping centre, InfraRed Capital Partners (“InfraRed”), have announced a new letting to Sainsbury’s, who will open their store following the full refurbishment of the Centre’s Lime Street elevation.
Sainsbury’s plan to bring a Local convenience store to the Lime Street Corner of St Johns and will soon submit applications to Liverpool City Council. The proposed store, located almost directly opposite Liverpool Lime Street Railway Station, will replace the May Sum Chinese restaurant and the Lime Street Newsagents. The store will provide shoppers with additional choice, promoting the vibrancy of the area, as well as creating up to 20 new full and part-time jobs for local people.
InfraRed has agreed to invest £0.5m in the refurbishment which is set to start in late 2014. The refurbishment will transform the Lime Street elevation – part of the main frontage of the shopping centre opposite Liverpool Lime Street Station.
This is on top of the £2m of investment recently announced by InfraRed to refurbish the internal shopping malls at St Johns and follows the £4million investment made by InfraRed in 2013, which saw major improvements to the centre’s food court, toilets and Houghton Street entrance.
Chris Huxtable, Director, InfraRed, said: “This letting is a major coup for the Centre and demonstrates how investment by shopping centre owners can attract new retailers. Along with the centre’s asset manager, Hark Group, we are delighted that Sainsbury’s have committed to St Johns, which will enable us to invest in the regeneration of this important frontage, which forms part of the gateway into Liverpool from Lime Street train station”.
Peta Brydon, Regional Acquisitions Surveyor for Sainsbury’s, said: “We’re really excited about submitting our plans for a Sainsbury’s Local store on Elliot Street to Liverpool City Council. Assuming the permissions are granted the store will create up to 20 new full and part-time jobs for local people, providing a real boost to the Liverpool economy. We will keep the community updated as our plans move forward.”