The Liverpool shopping center has taken over | News from the North-West offers
A shopping center in Liverpool, which is also home to one of the city’s most iconic buildings, has been acquired in what has been described as an “exciting opportunity”.
AnaCap Financial Partners, a mid-market investor and RivingtonHark, a retail asset manager, announced a joint venture to acquire St Johns Shopping Center, a 540,000 square foot property in central Liverpool .
St John’s is currently 97% occupied with over 100 tenants and the project is also home to the St John’s Beacon.
The center has benefited from significant renovation and refurbishment investments over the past decade.
AnaCap and RivingtonHark are now looking to continue investing to meet the centre’s continuing demands.
The investment in St John’s is part of AnaCap’s opportunistic real estate strategy, which capitalizes on its extensive network to identify attractive and well-located properties across Europe.
He also embodies AnaCap’s approach of leveraging in-house investment and asset management expertise to work alongside targeted operational partners for each investment.
Sébastien Wigdo, Managing Director of AnaCap, said: “This acquisition represents an exciting opportunity for AnaCap to invest in a premier and stabilized UK retail asset, demonstrating our ability to identify value in an area that could have been neglected before.
“We were particularly drawn to the asset given its high-quality location and strong mix of local and national retail tenants, many of whom showed a long-term commitment to the location during Covid. “
Mark Williams, Executive Director of RivingtonHark, added: “We are delighted to partner with AnaCap and look forward to engaging with our tenants, Liverpool City Council and the community at large to continue investing in the asset and create long-term value for all. stakeholders. “