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.