Liberty's shopping centre subsidiary Capital Shopping Centres already owned the other 20% interest in the centre and managed the scheme, one of the ten largest malls in the UK. The Victoria Centre was opened in 1972. It is anchored by John Lewis and House of Fraser department stores with 117 shop units and 2,700 car spaces. The centre produced a net annual rental income of £15.8 million in the year to 31 December 2001.

Liberty Chairman Donald Gordon said: "The centre has a proven successful track record, attracting some 23 million customer visits per annum. The arrangements are entirely in accordance with our strategy of focussing on dominant regional shopping centre locations in the United Kingdom."

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.