Innovative hospitality group is set to develop a new site at Liverpool ONE, further diversifying the destination’s offering, while adding to the accommodation group’s expanding portfolio.
The new 60,000 sq ft of contemporary serviced apartment space will be located at 39 Paradise Street and will open its ten-floor site to guests in summer 2021, providing excellent access to Liverpool city centre and its surrounds, as well as Liverpool ONE’s diverse retail, leisure and dining offering.
The significant 25-year signing reflects the resilience and strength in performance of Liverpool ONE and edyn alike, and signals edyn’s renewed appetite for leases in regional UK cities. From March to October 2020, edyn maintained an average occupancy of 65% across its portfolio despite Covid-19, reflecting consumer demand for self-contained accommodation. Combined with edyn’s adaptable business model and efficient operational structure – the group has cemented itself as ‘one to watch’ in the new future of travel.
Alison Clegg, Managing Director of Asset Management at Grosvenor Britain & Ireland, commented: “This commitment from edyn, as a highly credible, successful and unique operator, strengthens Liverpool ONE as a leading mixed-use destination. Just as we are on the front foot of retail and leisure trends, this new accommodation concept will see Liverpool ONE equipped for post-Covid tourism and visitation needs.”
