London-based real estate investor Aprirose has agreed to purchase Marine Point shopping centre and leisure centre in New Brighton, Merseyside for £42.5 mln (€48 mln).
The vendor is Promenade Estates, the developer of the centre.
Marine Point is a 19,716 m2 shopping and leisure complex next to New Brighton beach and promenade in Wirral that attracts approximately 500,000 visits annually. The tenants include Prezzo, The Light Cinema, Home Bargains and Starbucks.
The complex is anchored by a 6,360 m2 Morrisons supermarket and a 66-bedroom Travelodge, and attracts 500,000 visits annually.
Aprirose was advised by CBRE and Promenade was advised by Savills.
