By continuing to use the site you agree to our Privacy & Cookies policy

Your browser seems to have cookies disabled. For the best experience of this website, please enable cookies in your browser.


Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.


Developer ditches Benoy's Liverpool plans

Property company Land Securities is dumping plans, drawn up by Benoy, to develop the St John’s shopping centre in Liverpool, it has been revealed

Group bosses said the ‘challenging’ economic environment meant retailers would be unable to support the £100 million scheme.

The initiative would have seen the exterior of the building redesigned, as well as an extension to the Williamson Square building.

Work on the cancelled project was initially scheduled to begin this year.

A spokesman said the company would now focus on small-scale improvements and internal renovation to St Johns and the adjacent Clayton Square shopping centres.

‘With Liverpool unlikely to be able to support our original proposal we will begin discussions with the Liverpool City Council and our retailers, including the popular market, to look at what improvements we can make in both centres and how quickly we can deliver this investment,’ portfolio manager James Larmuth explained.

The existing St Johns shopping centre Liverpool

The existing St Johns shopping centre Liverpool

The news comes after Land Securities returned to growth with pre-tax profits of £1.07 billion for the year to the end of March - a significant turnaround from the £4.77 billion loss posted in 2009.

Have your say

You must sign in to make a comment.

Related Jobs

Sign in to see the latest jobs relevant to you!

The searchable digital buildings archive with drawings from more than 1,500 projects

AJ newsletters