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Grosvenor lines up fashion boutiques for Peter’s Lane

Grosvenor is in talks with fashion boutique retailer Arrogant Cat to open its first store outside London and the South East at Liverpool One.

A deal to bring Arrogant Cat to a 1,200 sq ft unit in the upmarket Peter's Lane part of Liverpool One is understood to be one of several in solicitors' hands and set to be formally announced in the coming weeks.

Grosvenor recently revealed that the first phase of 70 shops on Paradise Street and South John Street and two department stores will open on May 29, 2008.

The developer is targeting specialist fashion retailers to take the smaller units on Peter's Lane, typically from 600 sq ft to 2,500 sq ft. Peter's Lane will open in September 2008 along with the leisure element of the £950m, 43-acre scheme.

The retail lettings team is also in talks with Reiss for 2,000 sq ft on Peter's Lane, its second outlet in the city. Reiss owns the freehold on its Mathew Street store and will continue trading there.

Handbag retailer Radley is close to signing for Peter's Lane for a standalone store as well as its existing concession in John Lewis.

Talks are also ongoing with a G Star franchisee, the brand currently has concessions in selected Liverpool stores.

The 1.6m sq ft scheme, anchored by John Lewis and Debenhams, is currently 75 per cent let by floor area and Grosvenor expects there to be only half a dozen vacant units by May. These may be held back for retailers that it would like to secure but who may want to see the shops open before deciding.

Letting agents on Liverpool One are Tushingham Moore, Cushman & Wakefield and Strutt & Parker.

All parties declined to comment.

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