InfraRed Capital Partners will bring Liverpool’s St Johns Shopping Centre to the market in September for an offer price of £140m, reflecting a net initial yield of just over 6%.
InfraRed has appointed Cushman & Wakefield to market the asset.
Totalling 535,000 sq ft, the covered centre is arranged over two levels and is anchored by Sainsbury’s, New Look, Matalan and Wilko.
It includes an adjoining block fronting Williamson Square, which houses the Liverpool Football Club store, a 625-space multi-storey car park, the iconic St Johns Beacon tower and a 139-bed Holiday Inn hotel.
InfraRed director Chris Huxtable said: “We were initially attracted to St Johns by the strength and variety of the retail offer in Liverpool and the fact that St Johns clearly provided the everyday shopping for a large and loyal proportion of the Liverpool catchment.
“The centre needed investment, which we have been able to provide, and, with the support of the mayor and his officers, we have delivered a modern and attractive environment to benefit retailers and shoppers alike for many years to come.”
