Liverpool’s St John’s Shopping Centre sold

Mid-market investor AnaCap Financial Partners and retail asset manager RivingtonHark have teamed up to purchase the 540,000 sq ft retail development.

While the financial details of the sale have not been revealed, the last time St John’s was sold was in 2012. That was when InfraRed Capital Partners purchased the site from Land Securities for £76.5m. Back in 2015, InfraRed had put the shopping centre on sale for £140m, but no buyer was found at the time.

St John’s is 97% occupied and has more than 100 tenants, including HMV. Situated in a prime location, it is close to two main train stations and a bus station. However, footfall in the shopping centre has fallen 30% in recent days – a decline that centre manager Neil Ashcroft blamed on ongoing roadworks by Liverpool City Council.

AnaCap and RivingtonHark said they wanted to invest in improving St John’s.

“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,” said RivingtonHark executive director Mark Williams.

Anacap’s managing director Sebastien Wigdo called the acquisiton of St John’s an “exciting opportunity”.

“We were particularly attracted to the asset given its high-quality location and strong tenant mix of both local and national retailers, a large number of whom have shown a long-term commitment to the location during Covid,” Wigdo said.

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