A deal worth £44m has been agreed for Marine Point, the major leisure destination in New Brighton which includes Morrisons, Home Bargains and a Light cinema.
Real estate investment company Aprirose has sold the 234,615 sqft development to David Samuel Properties.
The site is anchored by a Morrisons supermarket while it also includes a seven-screen Light cinema, 66-bed Travelodge and range of other operators including Iceland, Greene King, Prezzo and Costa, with almost 700 car parking spaces available to visitors.
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Marine Point welcomes over half a million visitors a year.
Aprirose's chief investment officer Meenal Devani said: "We are pleased to have executed the sale of this asset, taking the opportunity to recycle our capital as we look to continue to invest heavily in sectors such as affordable PRS, student accommodation, hospitality, leisure and industrial real estate."
CBRE acted for Aprirose while David Samuel Properties was advised by Metis Real Estate Advisors.
