InfraRed Capital Partners acquires Clayton Square Shopping Centre in Liverpool

4 April 2019 Investments
InfraRed Capital Partners has exchanged contracts to acquire the Clayton Square shopping centre in Liverpool from Land Securities.

Clayton Square is located in the Liverpool City Centre within the immediate vicinity of Liverpool Central Station. It has direct access to the pedestrian zone leading from St Johns Shopping Centre (acquired by InfraRed in 2012) and comprises over 17,000 square meters of lettable space in 34 shop units. Tenants include well-known brands such as Boots, Clas Ohlson, Body Shop and Vision Express. Liverpool ranks as the 5th U.K. retail market according to retail analysts CACI, with an overall catchment of 5.8m people. The centre has an annual footfall of c.7m.

InfraRed has been a long-standing investor in U.K. shopping centres having managed three value added shopping centre funds between 1998 and 2006 and acquired and sold over 20 shopping centres in that period. Following the market correction, InfraRed re-entered the U.K. shopping centre market in 2011 acquiring The Galleries in Bristol. In 2012 InfraRed bought the Castle Mall Shopping Centre in Norwich from the Mall Fund and the St Johns Centre in Liverpool from Land Securities.

Christopher Huxtable, 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 U.K. 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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