UK: edyn has signed a lease for Grosvenor’s 60,000 square foot serviced apartment development at the 10-storey 39 Paradise Street building in Liverpool.
edyn has signed a 25-year lease on the upper floors of the building, which were previously occupied by BridgeStreet. Urban Outfitters occupies the ground floor.
edyn’s plans for the scheme include redesigning the hotel to create an as-yet-unspecified number of apartments that will be available for long and short stays from the summer.
Stephen McCall, chief executive of edyn, said: “As proven over the last 12 months, our quality-focused, long-stay accommodation model naturally aligns with evolving travel needs, positioning us as leaders for the new chapter of hospitality ahead.”
Alison Clegg, managing director of asset management at Grosvenor Britain & Ireland, said: “This commitment from edyn, as a highly credible, successful and unique operator, strengthens Liverpool One as a leading mixed-use destination. This new accommodation concept will see Liverpool One equipped for post-Covid tourism and visitation needs. Alongside the raft of recent signings and regears, this deal with edyn signifies a bright year for Liverpool One ahead.”
