Land Securities confirms that it has unconditionally exchanged to sell the 413,000 square foot St Johns Centre in Liverpool to InfraRed Capital Partners in a deal that is expected to complete in April.
The price is circa £76.5 million.
Commenting on the sale, Richard Akers, Managing Director Retail Portfolio said: “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. The sale will allow us to recycle the capital into other opportunities.”
Jones Lang LaSalle acted for Land Securities.