Land Securities sells Clayton Square

CLAYTON Square Shopping Centre in Liverpool has changed hands in a deal which is understood to have valued the site at £14m.

It has been sold by Land Securities to London-based InfraRed Capital Partners.

Clayton Square is next to St John’s Shopping Centre, which it bought in March last year for £76.5m, also from Land Securities.

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

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 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 manager and Munroe K Asset Management as property manager. Coady Supple advised Land Securities.