NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / Property

Extreme makeover on the banks of the Mersey

Anne Gibson
By Anne Gibson
Property Editor·NZ Herald·
13 May, 2008 05:00 PM5 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

Rod Holmes is looking forward to the completion of the first stage in two weeks. Photo / Anne Gibson

Rod Holmes is looking forward to the completion of the first stage in two weeks. Photo / Anne Gibson

KEY POINTS:

One of the largest urban renewals in Europe is under way in the historic British city of Liverpool and at the end of this month the initial part of the £1 billion ($2.5 billion) project will be unveiled.

On May 29, a collection of some of the world's
biggest retailers will open in Liverpool for the first time, including All Saints, American Apparel, Aldo, Pull & Bear and Apple.

By September 30, a grand opening is planned for the area from the docks on the Irish Sea up into the city centre.

Now, many streets are shut, workmen are swarming across the site and much of the central area is inaccessible. Hotels are packed with construction workers and the streets are lined with cranes, construction material, trucks, trade and delivery vehicles.

This historic area has Unesco World Heritage status and the development is right in the area of the Thomas Steers Dock, the world's first wet dock and the reason Liverpool became one of the world's richest cities in the early 1800s.

As the city revamp takes shape, I arranged to visit, interested to see the site and something more: how Britain's richest aristocrat is handling the development business.

The sixth Duke of Westminster's Grosvenor Group is the developer of the project. Major-General Gerald Cavendish Grosvenor has a personal fortune estimated at £7 billion ($18 billion) and he does nothing on a small scale.

Grosvenor is partway through Liverpool One, a development bigger than the ambitious White City in London and spanning a number of city blocks from the docks area to the heart of the shopping precinct.

The project will bring 140,000sq m or 14ha of new shops, more than twice the size of Sylvia Park in Auckland's Mt Wellington or Westfield's new Albany mall.

The Grosvenor family land holdings in central London date back to 1677 and the group achieved a record last year when profits before tax increased 3 per cent to £524 million ($1.3 billion). The Duke's family own more than 100ha of the exclusive Mayfair and Belgravia in London as well as land in Scotland, France and many other parts of Europe. The company began investing in Australia in 1967 and is involved in commercial developments in Sydney and Brisbane. New Zealand is yet to draw Grosvenor's interests.

In Liverpool, the Duke's man on the ground is Rod Holmes, Grosvenor's project director, based in an office in the city's Church Street mall.

Standing in front of a scale model of the project, Holmes points out how much of Liverpool's downtown area never recovered from bombing in World War II.

The area around the docks was bombed during 1941 air raids, he said, describing how this led to years of neglect and the need for rebuilding.

Liverpool is Europe's cultural capital this year and the redevelopment has drawn critics. In the midst of this major event, the city is not yet finished and is still a vast building site.

Holmes acknowledges that time has been his biggest enemy.

"It's been urgency from the start and we're still suffering from pushing some of the guys to the limit."

The physical layout of the project was one of the most important points in its planning phase, he recalled.

"Grosvenor had its own idea of how the city centre should be. We knew it would not be a shopping mall. We would use the existing streets and create links, not enclosed, but open. We're not shifting Liverpool to the (Mersey) river, but extending it," Holmes said.

Lack of shopping and little urban renewal had been the city's biggest problem and a few years ago, Liverpool had slipped to become one of Britain's least popular shopping destinations. Holmes hopes Liverpool One will change that and says tourism is one of the city's key strengths.

"Liverpool is about TV personalities, the Beatles, music, so the city is about tourism. From September, the city centre will be very busy with people," he said.

Last decade, Liverpool was lagging behind many other British cities in its development, declining economically and physically. Loss of traditional industries, particularly the port, led to job cuts, unemployment, riots and industrial militancy. In just 40 years, the city lost half its population.

The British Government responded to the economic decline of the 1970s and 1980s and encouraged an urban renaissance in the north-west. By 1999, three originations got together to plan big changes for Liverpool: the Liverpool City Council, the Northwest Regional Development Agency and national regeneration body English Partnerships formed Liverpool Vision, the springboard which resulted in the city's rebuilding.

Liverpool became a British leader once again. Liverpool Vision was Britain's first dedicated urban renewal company formed a few weeks before Manchester, much to the delight of the Scousers.

Leasing has been Grosvenor's big focus lately as its project races towards being completed. Most of the 160 shops, bars and restaurants have been let.

In recognition of the area's importance, Grosvenor has developed a crypt containing the remains of the Thomas Steers Dock so people can visit the historic area near the Albert Dock.

Holmes is counting down until the end of this month when the locals get their first peek behind wire fences which have kept their city centre a building site for most of this decade.

* Anne Gibson visited Liverpool courtesy of Cathay Pacific and Accor Hotels.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.
Save

    Share this article

Latest from Property

Property

Desperate vendor sells his 'hassle' home for $312,000 after taking gamble on $1 reserve

19 Jun 04:17 AM
Property

Kiwi Property exec selling her multi-million-dollar waterfront spread

19 Jun 04:10 AM
Premium
Property

Watch: Expert's 'big question' over burned supermarket's redevelopment potential

19 Jun 04:00 AM

Audi offers a sporty spin on city driving with the A3 Sportback and S3 Sportback

sponsored
Advertisement
Advertise with NZME.

Latest from Property

Desperate vendor sells his 'hassle' home for $312,000 after taking gamble on $1 reserve

Desperate vendor sells his 'hassle' home for $312,000 after taking gamble on $1 reserve

19 Jun 04:17 AM

Auction is one for the capital's history books.

Kiwi Property exec selling her multi-million-dollar waterfront spread

Kiwi Property exec selling her multi-million-dollar waterfront spread

19 Jun 04:10 AM
Premium
Watch: Expert's 'big question' over burned supermarket's redevelopment potential

Watch: Expert's 'big question' over burned supermarket's redevelopment potential

19 Jun 04:00 AM
New World: Construction expert explains all

New World: Construction expert explains all

Gold demand soars amid global turmoil
sponsored

Gold demand soars amid global turmoil

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP