Cavern Walks could be transformed into a hotel and shopping destination full of Liverpool independents after the building was sold, with its new owner hoping to recreate the pull of alternative indoor market Quiggins.
Cavern Walks was built in the 1980s and was packed full of high-end boutiques in the 1990s and early noughties, but has suffered a decline in recent years.
The site has now been acquired from Signature Living by a joint venture between JSM Company Group and Greenwood Developments, which is headed by property investor Craig Greenwood.