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- May 1, 2012: Vol. 6, Number 5

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Land Securities to Sell Liverpool Centre

by

UK-REIT Land Securities has agreed to sell the 38,000-square-metre St Johns Shopping Centre in Liverpool for £76.5 million. The buyer is InfraRed Capital Partners.

“We have recently completed a number of asset management initiatives at St Johns, which have successfully positioned it as a value offer based centre in the heart of Liverpool,” says Richard Akers, managing director – retail portfolio at Land Securities. “The sale will allow us to recycle the capital into other opportunities.”

 

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