Clayton Square, Liverpool
Transformation of a failed shopping centre into a vibrant mixed-use development
Clayton Square was built in the 1980s, comprising 180,000 sq.ft of space in the heart of Liverpool, the sixth largest city in the UK.
In 2013, InfraRed acquired Clayton Square, off market from a UK REIT, with the intention of transforming the asset from a failed shopping centre into a fully-let high street destination.
Confidence in our ability to deliver this ambitious and highly complex project was increased by a strong working relationship with Liverpool City Council, plus experience of working in the city gained through our ownership of the St John’s Shopping Centre.
Boots flagship store
75% to 98%
Despite its central location, Clayton Square had slipped behind in Liverpool’s retail hierarchy following the opening of Liverpool One in May 2008. This was apparent in the Centre’s 25% vacancy rate at the time of purchase.
Highly complex and ambitious, the project required a significant amount reconfiguration and refurbishment.
Creating spaces to inspire peoples' lives
Our focus on sustainability, people-centred design and community engagement enabled us to reimagine the space as a high quality triple height glazed retail arcade. This physical transformation turned a failed asset into a 55,000 sq. ft flagship store for Boots’ providing them with a long-term home in Liverpool’s city centre. Further jobs were also created by attracting major new tenants including Morrisons, Wildwood, Peacocks and Easygym, while also facilitating lease re-gears with EE and Clas Ohlson.
The project was awarded the 2015 BCSC Gold Award for Refurbishment and/or Extension for under £5m before being sold in March 2016.
Clayton Square was the catalyst for a wider regeneration of the area. Additional capital investment in the InfraRed-owned St John’s shopping centre opposite has been followed by improvements to the local streetscape, a refurbishment of the bus station, and an extension of the Royal Court Theatre.
“We acquired Clayton Square in April 2013 and are delighted to have delivered on ambitious plans to transform and regenerate a failing 1980s shopping centre into a vibrant mixed-use “high street” development supporting Boots’ decade long property requirement for the city”. Keith Butcher
Director, Real Estate