Assets News

Infrared buys second Liverpool mall

InfraRed Capital Partners and asset managers Hark have exchanged to buy Clayton Square shopping centre in Liverpool from Land Securities for around £14m.

Clayton Square is located in Liverpool city centre adjacent to St John’s Shopping Centre, which the pair bought in March last year for £76.5m, also from Land Securities.

The mall comprises more than 170,000 sq ft of space across 34 shops. Tenants include Boots, Clas Ohlson, Body Shop and Vision Express. The centre has an annual footfall of around seven million.

Christopher Huxtable, a director at InfraRed, said: “The purchase of Clayton Square consolidates our position in Liverpool’s central retail market and adds to our growing portfolio of UK shopping centres. We are pursuing further acquisitions of well-located centres within strong retail markets that require intensive asset management and repositioning”.

InfraRed has appointed the Hark Group as asset managers and Munroe K Asset Management as property managers.

Coady Supple advised Land Securities.

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