Princes Acquires Liverpool Royal Liver Building in £60m Deal

Princes, a major UK food and drink group with roots dating back to 1880 in Liverpool, has acquired the iconic Grade I-listed Royal Liver Building for £60 million, significantly below the £90 million asking price set in 2022. This acquisition is part of a wider £83 million real estate investment plan also including the Cross Green facility in Leeds, reflecting Princes’ long-term commitment to the UK and its growth strategy. The Royal Liver Building, a symbol of Liverpool’s maritime heritage and home to over 400 Princes employees since 1982, will continue to serve as a corporate headquarters and multifunctional venue without immediate operational changes. Princes, now part of the NewPrinces Group, emphasizes that owning this landmark reinforces its deep connection to Liverpool and provides a stable base for future business. The deal also eliminates rent costs for Princes at key sites, enhancing financial stability. Previous owners included Corestate Capital and Farhad Moshiri, with the building historically serving multiple tenants including Everton FC and other prominent companies.