St John's shopping centre
But he said it made no sense to create new retail space when up to 13% of space in St John’s and 15% of Clayton Square is empty, compared with a group-wide average of 5.9% void space.
Mr Larmuth added: “We do have to be clear about what is happening to the retail market. Our focus is filling the empty units.”
Gerald Jennings, Land Securities portfolio manager for north England and Scotland, said: “We are great friends of Liverpool. I worked there for six years.
“It is easy for this news to be seen as a negative story, but there are positive elements to what we are saying and how we view the city.”
