
Clayton Square
RivingtonHark are retained by Redical to assist them on their UK strategy. Targeting Institutional quality retail assets, Clayton Square was acquired in September 2021 as the Fund's first purchase.
Within 12 months we have achieved 100% occupancy and are well advanced on income stabilisation. We have also let previously voided space to leisure users
Purchased in 2021 for £20M the 170,000 sq ft scheme is a dominant High Street location within Liverpool City Centre. It sits between the Cities two railway stations, main bus station and central multi storey car park. Flannels new 120,000 sq ft flagship department store opened this year opposite and rivals Harvey Nichols for quality.
Key occupiers include Boots largest single store flagship in the UK, Tesco, Vision Express, Lane 7, McDonalds and EE.
RivingtonHark know the asset well, having originally transformed it in 2014-15 from a failed 2 level shopping centre into the prime High Street asset it now is. Sold back then to funds managed by Rockspring, we were able to buy it back for Redical.
Project Details
Services provided
Asset Management | Strategic Advisor
Client:
Redical
Appointed:
2021
Mix of Uses
Retail
Gym
Parking
