Columbus Capital is in exclusive talks to buy the Metquarter shopping centre in Liverpool.
Columbus is understood to be paying close to the £21.2m asking price – an 8.5% yield – for the 133,000 sq ft mall in the city centre.
Alanis Capital, the investment vehicle of the Dublin-based McCormack family, and the Irish Bank Resolution Corporation, bought the shopping centre for £87m – a 5% yield – at the height of the boom in 2007.
The vendors put the Metquarter shopping mall up for sale in May at less than a quarter of its previous acquisition price. It attracted interest from parties including LaSalle Investment Management, Shearer Property Group and the Pears Group.
Savills is advising Alanis Capital/IBRC; Lunson Mitchenall is acting for Columbus.
All parties declined to comment.
Annabel.Dixon@estatesgazette.com
