AnaCap Financial Partners (“AnaCap”), a specialist mid-market investor and RivingtonHark, a UK retail asset manager, have announced a joint venture to acquire St John’s Shopping Centre in central Liverpool.
The 540,000 sq ft shopping centre is located in the heart of Liverpool, between Liverpool’s two main train stations and the main bus station. It is currently 97% occupied with over 100 tenants.
St John’s has benefited from significant renovation and refurbishment investment over the past decade, and AnaCap and RivingtonHark are looking to continue investing to meet the ongoing demands of a leading city-centre shopping centre.
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.”
