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Land Securities exchanges on St Johns Centre

Published:  21 March, 2012

Land Securities has confirmed that it has unconditionally exchanged to sell the 413,000 sq ft St Johns Centre in Liverpool to InfraRed Capital Partners in a deal that is expected to complete in April.†The price is circa £76.5m.

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.