St Johns Liverpool, P Barker Proudlove
InfraRed Capital Partners has sold St John's Shopping Centre. Credit: via Barker Proudlove

Liverpool’s St John’s Shopping Centre sold

Julia Hatmaker

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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This whole complex is a conundrum, it is popular and has it`s many fans but it`s not an uplifting shopping experience. In addition there are large spaces in it lying dormant and unused.
The vista when people arrive from Lime St station leaves a lot to be desired, and to be honest I would demolish all or most of it and start again, however that maybe beyond the finances and thoughts of the new owners.

By Anonymous

A Liverpool landmark that most of us don’t want to admit we’d miss. A little tlc is all that’s needed.

By Liverpool romance

This is one of the best buildings in Liverpool, great for shopping. The snobs who say it should be pulled down probably don’t shop there.

By Mildred

St. John’s is many peoples ‘guilty pleasure’. They just need to breathe more life into the market and get rid of the screen/purple hoardings opposite Lime Street station.

By Stuart

There is nothing wrong with it. At least its got a roof on.

By Scarecrow Skid Mark

The whole Sixties looking appearance..including the hotel above it is terribly dated. ..Demolish the lot and turn the area into green space …along with that appalling illuminated advertising strip opposite the station…..the days of retail shopping in town malls is over…..

By Tercol

It is the ideal spot for a new park and first introduction to city centre Liverpool.

By Bixteth boy

As ugly and dated as it looks in the cgi. Much like the ugly Ramada Renaissance hotel complex in Manchester it’s too expensive and not terribly green to pull it down so tarting it’s up is probably the best thing to do. Hope they have about £200m.

By Tufty

Looks terribly dated. The site needs to be entirely redeveloped. A park would be nice.

By John