St Johns Shopping Centre. Image: RivingtonHark
St John’s Shopping Centre has been bought by an investor and developer who wants to create ‘long-term value’ at the Liverpool city centre site.
AnaCap Financial Partners and RivingtonHark have announced the joint venture at the 540,000 sq ft property, which has a mix of local and national retailers as tenants.
“We were particularly attracted to the asset given its high quality location,” Sebastien Wigdo, Managing Director at AnaCap, commented.
St John’s has benefited from significant renovation and refurbishment investment over the past decade.
Last year, RivingtonHark created one of the UK’s largest living green walls on the side of the shopping centre, which is 65 metres long and has 14,000 plants, and there are beehives on the roof in a bid to make the centre more environmentally friendly.
The well known shopping centre is currently 97% occupied with over 100 tenants, and the centre is also home of St Johns Beacon (Radio City Tower), one of the UK’s most well-known and iconic buildings, which was awarded Grade II listed status last year.
What the new owners said
Sebastien Wigdo, Managing Director at AnaCap, 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.
“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.”