The second phase of Liverpool Shopping Park is expected to create up to 885 new jobs.
Meeting the ”changing needs of operators and shoppers” had prompted a delay in the next stage of the development being brought forward, but plans have now been unveiled.
A 60,000 sq ft anchor retail store and 16 smaller retail units have been added to the project, alongside a six-screen cinema, new Hollywood Bowl, a gym and five restaurant units.
The phase will see a further £30 million invested into the Edge Lane site by The Derwent Group, as it continues to develop one of the largest shopping parks in the UK.
The first phase opnened in October last year, with brands including Next, M&S Food Hall and TK Maxx among the occupiers.
Construction is expected to get underway in summer 2019 on phase two, which has been designed by AEW, with the opening for the public lined up for autumn 2020.
Hugo Clark, group property managing director at The Derwent Group, says: “Sharing our plans with the city’s planners today is an important demonstration of confidence in the location and underlines the success of Liverpool Shopping Park since opening.
“It’s a bold scheme that, in light of the rapidly evolving retail market, has been designed carefully over the last year to meet the changing needs of operators and shoppers.
“While this has meant a slight delay in bringing this phase forward for development, we are confident we have a fantastic scheme that will provide a strong retail and leisure offer that we know the local community has been waiting for.
“The addition of a large flagship anchor store and a number of smaller units will enhance our growing reputation as a destination shopping park and provides a wider range of opportunities for retailers.”
McMullen Wilson and CSP are the letting agents for the scheme.