ST JOHNS shopping centre in Liverpool is to be completely rebuilt as part of a plan by its owner to compete with Grosvenor's Liverpool One scheme.
Landlord Land Securities will be investing tens of millions of pounds in the complete overhaul of the centre from 2009 onwards. The company will also spend £5m on its nearby Clayton Square shops.
The news about the major revamp for St Johns has been revealed in a podcast interview that can be heard in full at the Daily Post's business website, thebusinessweek.co.uk.
In the interview, Clayton Square centre manager Ed Oliver, who is also vice chairman of Liverpool Chamber of Commerce, said the investment by Land Securities was in response to growing competition from the development of Liverpool One, the arrival in town of Primark and the refurbishment of Marks & Spencer on Church Street.
Mr Oliver added: "There is a long-term plan for St Johns, a five-year project starting in
2009. It's such a large project that we could not start it now and finish it in time for Capital of Culture, so the view is to start it after Capital of Culture in 2009."It's virtually the complete rebuilding of St Johns.
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