Forsters acts on acquisition of part of Royal Albert Dock, Liverpool
We are delighted to announce that members of a multi-disciplinary Forsters team have acted for a joint venture between developer General Projects and investor Neo Capital on the acquisition of part of the Royal Albert Docks in Liverpool.
The acquisition, reported in BBC News, was part funded by a loan from Merseyside Pension Fund.
The iconic, 375,000 sq ft mixed use asset forms part of the largest single collection of Grade 1 listed buildings in England. The joint venture plans to evolve the dock into the “most exciting experiential and authentic destination in the UK”.
Jacob Loftus, chief executive officer of General Projects, said: “We are honoured to have become custodians of one of our country’s most significant landmarks and one of its most magnificent examples of industrial heritage.”
Commercial Real Estate Partner, Katherine Ekers, who led the Forsters team, said: “This is a fantastic project on a sensitive site of national importance. We look forward to working with Neo Capital, General Projects, Merseyside Pension Fund and others to progress the ambitious, exciting plans for the next phase in the history of the dock”.
Partner and Head of Banking & Finance, Victoria Edwards, said: “It was great to be part of the multi-disciplinary team at Forsters with banking and property working side by side on this terrific asset.”
