LIVERPOOL’S St John’s shopping centre is up for sale.

Owner Land Securities, Britain’s biggest landlord, has confirmed that it is in negotiations with a potential buyer for the centre, which could lead to its sale.

The site is one of the city’s main retail centres.

Land Securities also owns the neighbouring Clayton Square shopping mall, but this is not included in the sale negotiations.

A spokesperson for Land Securities confirmed talks are under way and told Post Business: “Land Securities has a plan for every asset in its ownership and sometimes part of that plan may be to consider a sale if it is deemed someone is offering a fair price.

“We can confirm we are in discussion with a potential purchaser of the St John’s centre that may or may not lead to a sale.”

St John’s currently has 88 tenants, including independent station Radio City.

It opened in 1969 and is still the city’s biggest covered shopping centre.

In 2006 Land Securities announced a £100m refurbishment scheme for the site in response to the £1bn Liverpool One development nearby, but these plans were eventually shelved as the 2008 downturn hit consumers’ pockets and the availability of investment finance.