U.K. seafood brand Princes, part of the NewPrinces Group formed by Mitsubishi’s sale of the brand to Newlat Food in 2024, has purchased the Royal Liver Building in Liverpool, U.K., as part of a GBP 60 million (USD 81.2 million, EUR 69 million) investment.
Princes said the purchase is part of a broader GBP 83 million (USD 112 million, EUR 95 million) real estate plan that also includes the food manufacturing firm Symington’s Cross Green facility in Leeds as part of the company’s long-term plans in the U.K.
“Liverpool is an integral part of our heritage and future. Securing the Royal Liver Building reflects our commitment to this great city, our people, and sustainable success,” Princes CEO Simon Harrison said. “The Royal Liver Building is an enduring symbol of Liverpool, and it’s an honor for Princes to call it our home.”
Princes said it can trace its roots to Liverpool, as the original company – Simpson & Roberts & Co. – was founded there in 1880. That company later adopted the name Princes in 1900.
“This significant milestone underscores Princes’ commitment to its Liverpool roots, ensuring a bold and confident step in its long-term growth plan,” the company said of the purchase.
Princes said it has been a tenant of the building since 1982, and over 400 of its employees are based in the building.
The group said it plans to expand its presence inside the building, and use it as its corporate headquarters and has a multi-purpose venue for events and public engagements. The company said all current tenant arrangements will remain unchanged and there will be no immediate modifications of the site.
“With the purchase of the Royal Liver Building, we are investing in the future of our teams in a place that they take great pride in,” Princes Chief People Office Joe Dent said. “Being headquartered in such an iconic location will continue to inspire our colleagues and cement our deep and meaningful connection to Liverpool.”
The company added that has also acquired Symington’s Cross Green site in Leeds for GBP 23 million (USD 31 million, EUR 26 million) in a bid to embed that business – which is managed and operated by Princes – into the overall operations of the NewPrinces Group in the U.K.
