Grosvenor is today opening phase two of Liverpool One and has signed a raft of new names taking the £1bn scheme to 92% let.

The latest nine signings include bookshop Waterstone’s and a number of well known independent and fashion retailers including Drome, Foot Asylum, Onitsuka Tiger and Leia.

The signings total nearly 100,000 sq ft of space with Watestone's taking 25,901 sq ft on College Lane and Drome, the local independent fashion retailer, taking 4,940 sq ft on Paradise Street.

The scheme is today being opened by The Princess Royal.

The second phase comprises the opening of Peter’s Lane, Chavasse Park, the restaurant terrace and cinema.

Also this week Paradise Street, the young urban fashion street in the first phase of the scheme, is now 100% let, and Hanover Street, the homewares and lifestyle-orientated district, has a major anchor following the confirmation of Tesco.

The latest deals follow the publication of a report revealing that Liverpool city centre now commands higher rents than Manchester, with zone As of £320 versus £300.

Colliers CRE’s Annual Retail Market Overview said: 'The region's reputation as a retail destination was boosted by the first phase opening of the 1m sq ft Liverpool One development.

'The scheme is bucking the national downward trend in retail and trading well. The second phase…will provide a further boost to the city's trading in the run up to the crucial Christmas trading period.'

Footfall figures released by the city council, show an increase of 24% in the city centre since the first phase of Liverpool One opened in May.

Neil Barber, head of retail leasing at Grosvenor, said: 'These latest brands, a number of whom are real points of difference for Liverpool One, and the independent research published by Colliers CRE demonstrate the impact and importance of Liverpool One, not just to the city, but the wider region.'

Liverpool One’s agents are Cushman & Wakefield, Strutt and Parker, and Tushingham Moore. DTZ advises the Grosvenor Liverpool Fund.