BridgeStreet Worldwide Announces Agreement with Grosvenor Estates
OCTOBER 15, 2008. BridgeStreet Worldwide is pleased to announce that it has signed a 10-year agreement with Grosvenor Estates, for Liverpool ONE. As a leading international provider of serviced apartments, BridgeStreet will offer 77 one- and two-bedroom apartments within the lb1bn shopping and residential development at the heart of the city centre.
"We are delighted to have been chosen as the serviced apartment operator for this exciting new project," said Stephen Hanton, managing director of Europe, the Middle East and Africa (EMEA) and chief operating officer of BridgeStreet Worldwide. "Liverpool is a diverse city with a flourishing business community and a high demand for extended stay accommodations. The Liverpool ONE development creates an opportunity to provide our clients with upscale, furnished apartments in a thriving new area of the city."
Covering 42 acres at the heart of the city, Liverpool ONE will contain over 30 individually designed buildings in five distinct districts, each with a different character, offer and design. The development reflects consumer and retailer demand, and places Grosvenor and its partners at the forefront of urban regeneration.
Chris Taite, fund manager for the Grosvenor Liverpool Fund, added, "The residential element within Liverpool ONE will help ensure its long term economic success for the benefit of all stakeholders. BridgeStreet's solid reputation and global client base will help to achieve this goal."
"Liverpool is the perfect city to complement BridgeStreet Worldwide's existing portfolio of properties throughout the UK," said Max Thorne, BridgeStreet Worldwide's vice president of development EMEA. "We are excited about forming a relationship with Grosvenor Estates and the future opportunities for both companies to work together again as we move forward with our strategic expansion plans for EMEA."
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