Queensberry Real Estate and Bywater Properties have jointly acquired Metquarter shopping centre in Liverpool from Columbus UK Real Estate Fund.
The centre comprises 129,100 sq ft of retail and restaurant space across 44 units over two floors. It houses a number of fashion retailers including Jack Wills, Armani Exchange and Hugo Boss.
Queensberry will act as asset manager and developer of the site on behalf of the joint owners.
Paul Sargent, chief executive and co-founder of Queensberry said: “Our joint business plan seeks to reposition the Metquarter as a premium dining and retail destination within the city.
“The main objective is to convert the northwest end of the property into A3 use and attract a high quality cluster of restaurants with an all day and evening offer.”
Queensberry and Bywater were represented by Savills. Coady Supple represented Columbus.
This is the second joint acquisition by Queensberry and Bywater, following Kingsway Centre in Newport.