15 January 2016
Liverpool ONE's dining offer blossoms as Busaba picks Hanover Street
Grosvenor Fund Management (GFM) has today announced that Busaba, the Thai casual dining brand, is to open in Liverpool ONE with a 5,418 sq ft restaurant at 111 to 116 Hanover Street. It will be Busaba’s second restaurant outside London.
Busaba joins the recently announced Wahaca, Reds True BBQ and Roxy Ball Room in completing the transformation of the building on Hanover Street. Busaba will open in the coming month, following Roxy Ball Room’s debut at the beginning of February. In addition, Turtle Bay is currently fitting out an adjacent restaurant on Hanover Street ahead of launching in March. Wahaca and Reds True BBQ both opened before Christmas.
Dynamic, fast-paced and facing the thriving Rope Walks area of Liverpool city centre, Hanover Street is home to an eclectic mix of bars and restaurants appealing to visitors seeking something different. Together with Bem Brasil, Lunya, the independent Catalunyan restaurant on nearby College Lane, and its other well-known bars and restaurants, Hanover Street is gaining a reputation as one of the most up-and-coming dining destinations in the North West.
Commenting on Busaba, Miles Dunnett, Director of Portfolio Management at Grosvenor Fund Management, said: “The signing of Busaba marks the successful completion of a strategy to establish Hanover Street as one of the most up-and-coming dining destinations in the North West. The authenticity of the brand is a great complement to Hanover Street and the Rope Walks, and Busaba adds even more choice to the already strong dining and leisure offer Liverpool ONE provides residents and visitors alike.”
Jason Myers, Busaba CEO, added: “We're extremely excited to be bringing the Busaba restaurant experience to Liverpool; our regional expansion is hugely significant for the business and this will be our second restaurant in the North West for 2016. We have heard much about the success of Liverpool ONE, which put it at the top of our list as we sought the location for our next restaurant, so we are very excited to be opening in the city and to welcome in the people of Liverpool to sample the true taste of modern Bangkok."
Catering sales at Liverpool ONE were up 12.5% in 2015 compared to the previous year. Liverpool ONE’s dining offer will also be further enhanced in this spring with the opening of New World Trading Company’s The Club House on Chavasse Park.
Cushman & Wakefield and Metis Real Estate Advisors acted for Liverpool ONE. Busaba was unrepresented.
For more information contact:
Grosvenor Press Office:
020 7312 6479
Notes to Editors
Grosvenor Fund Management
Our fund management business aims to create value for investors, shareholders and staff by creating compelling investment strategies that are expertly implemented. Building on our recognised skills and track record, we focus on urban property, often mixed-use and with a retail focus, in cities and locations whose vibrancy will endure. We select high-quality assets and manage them vigorously. We treat our tenants, as well as our investors, as partners, building close and mutually beneficial relationships that draw on Grosvenor’s long experience in real estate. We work best with clients who, like Grosvenor, have a long-term view of investments while being alert to the potential of short-term opportunities to enhance returns. As at 31 December 2014, assets under management were £3.0bn with 59 investor partners in 21 property funds, club deals and separate account mandates.