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New owners lure more stores to Metquarter

The Metquarter shopping centre in Liverpool is targeting accessories and lingerie retailers under its new owners.

Two Irish investors, Anglo Irish Bank Private Banking and Alanis Capital, have reportedly paid £85 million for the 18-month-old centre, home to Flannels, Armani Exchange and Hugo Boss.

Property company Savills has been appointed to manage the centre, which was bought from developers Milligan and Richardson, and is in negotiations to fill about six vacant units. Director Mark Garmon-Jones said: "We want to fill gaps in the tenant mix, and lingerie and accessories retailers are the type of businesses that are absent at the moment."

Some retailers have reported difficult trading at the scheme, exacerbated by roadworks in the city in preparation for Liverpool's Capital of Culture celebrations next year.

Garmon-Jones said: "The roadworks have had an effect and some retailers will find they are underperforming, but some have just been adapting to the Liverpool market."

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