The centre, which is one of Liverpool’s biggest and most well-known shopping centres, has been bought by a joint venture between investor AnaCap Financial Partners and asset manager, RivingtonHark.
The shopping centre, which sits in Liverpool’s city centre, spans an area of around 540,000sq ft, is home to over 100 tenants and is currently 97 per cent occupied. The new owners intend to invest in the site, and create long-term value, in what they call an ‘exciting opportunity’.
The centre itself benefits from a prime, high-quality location and a strong tenant mix of both local and national retailers. A large portion of these brands have remained committed to the centre during the Covid-19 pandemic.
Managing Director AnaCap, Sebastien Wigdo, commented: “This acquisition represents an exciting opportunity for AnaCap to invest in a prime and stabilised retail asset in the UK, demonstrating our ability to identify value in a sector which may have been previously overlooked.”
Meanwhile, Mark Williams, Executive Director, RivingtonHark, added: “We are glad to partner with AnaCap and are looking forward to engage with our tenants, the Liverpool City Council and the wider community to continue to invest in the asset and create long term value for all stakeholders.”
