Real estate developer General Projects and global investment company Neo Capital have acquired Liverpool’s Royal Albert Dock, one of the UK’s most iconic landmarks, for £40 million.
Officially opened in 1846, the Dock complex was a bustling hub for innovation and commerce – the first structure in Britain to be built from cast iron, brick and stone without structural timber and the epicentre of global trade.
Two centuries later, the 375,000 sq ft estate stands defiantly as the largest and most prominent cultural and commercial destination in Northern England and welcoming over six-million visitors a year.
The Royal Albert Dock is the largest single collection of Grade-I Listed Buildings in the country.
The joint venture’s focus will be to preserve, enhance and inject new energy and investment into this world-class complex to maintain and secure its future.
The companies intend to work closely with the independent businesses on site and the local community to evolve the dock into the most exciting experiential and authentic destination in the UK.
”We are truly honoured to have become custodians, together with Neo Capital, of one of our country’s most significant landmarks and one of its most magnificent examples of industrial heritage, ” said General Projects in a statement.
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