Liverpool’s Royal Albert Dock changes hands for £40m
Royal Albert Dock in Liverpool has been acquired by General Projects and investment management firm Neo Capital for £40m.
The 375,000 sq ft dock consists of the largest single collection of grade I-listed buildings in the UK.
Originally opened as warehouses in the 19th Century, the site has since undergone a number of transformations and is now home to retail and leisure destinations as well as two hotels and office space.
General Projects said it aims to enhance the sites offering through events including concerts and pop-ups.
Jacob Loftus, chief executive of General Projects, said: “Already one of the busiest leisure and cultural destinations in England, we hope to add our energy and creativity to further evolve the dock into the most exciting experiential and authentic destination in the UK.”
A Neo Capital spokesperson added: “This acquisition is a testament to our confidence in the UK real estate market and an important milestone to investing in high quality projects.”
Metis Real Estate advised General Projects on the deal.