Retail asset manager Queensberry has selected K2 Architects to reposition the 130,000 sq ft Metquarter in Liverpool as a premium dining centre.
The Metquarter, fronting Whitechapel and Victoria Street, was acquired by Queensberry and Bywater Properties from Columbus UK Real Estate Fund at the start of this year. The new owners plan to change the use of the north-west end of the mall facing Victoria Street into restaurant units. The centre has 44 units, although one third are vacant, and tenants include AllSaints, Hugo Boss, Armani Exchange, Jo Malone and Jack Wills.
Paul Sargent, chief executive and co-founder of Queensberry, said: “We can confirm the appointment of K2 Architects to explore options for the refurbishment of the MetQuarter in Liverpool, which we purchased earlier this year. Any potential investment into the centre is at the early stages of consideration and we will release further information in due course.”
The Metquarter was the second joint acquisition by Queensberry and Bywater, following the Kingsway Centre in Newport in 2014.
Queensberry, working for Aviva, successfully transformed Manchester’s Corn Exchange from a struggling retail centre into a pure-play dining destination with more than a dozen restaurants.
K2’s retail pedigree includes designing stores for the fledgling As Nature Intended brand by Caroline Gooding, daughter of Iceland founder Malcolm Walker. K2 founders Mark Davies and Kevin Horton worked together at BDP on the design of Liverpool ONE, Grosvenor’s dominant 1m sq ft retail district, where K2’s studio is based.
Savills advises Queensberry.