One of Liverpool's biggest and most well known shopping centres has been bought by a joint venture between a private equity giant and real estate developer.
St John's Shopping Centre has been acquired by specialist mid-market investor AnaCap Financial Partners and asset manager RivingtonHark.
A statement from AnaCap described it as an "exciting opportunity" for the firm - "demonstrating our ability to identify value in a sector which may have been previously overlooked".
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The 540,000 sq ft city centre property is home to over 100 tenants and is 97% occupied. It is also home to the St John's Beacon - or Radio City Tower.
Sebastien Wigdo, managing director at AnaCap, said “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.
"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.”
Mark Williams, executive director at 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.”
