The firm has purchased the Royal Liver Building in Liverpool, where it has been based as a tenant since 1982, for £60 million and the Symington’s Cross Green facility in Leeds for £23m.
Princes, which has been part of the NewPrinces Group (formerly Newlat Food) since 2024, said that the investment was a sign of its “long-term commitment to the UK”.
Food manufacturing firm Symington’s, which is also part of the NewPrinces Group, uses the Cross Green site for production, warehousing and corporate purposes, with the purchase set to support the firm’s integration with the wider Princes UK business.
Across the UK, Princes operates 10 sites and employs 3,000 people, while it owns brands such as Napolina and Crosse & Blackwell.
“These acquisitions reflect our commitment to operational excellence, sustainable growth, and creating value for all stakeholders,” said Simon Harrison, CEO of Princes.
“By securing ownership of these operationally critical sites, we are positioning Princes for long-term success.”
Moving forward, the group plans to expand its presence within the Royal Liver Building so that it can also be used as a multi-purpose venue for events, collaboration and public engagement. More than 400 people are currently based out of the building.
Joe Dent, chief people officer, added: “The Royal Liver Building and Cross Green aren’t just buildings; they are spaces that support the hundreds of people who drive our business forward every day. By securing ownership, we’re delivering stability and unlocking opportunities for future growth, ensuring our colleagues have the right environment to thrive in the years to come. This is a significant moment in Princes ambitions.”
Finally, NewPrinces Group chair Angelo Mastrolia said: “With these acquisitions, we’re building on a shared legacy. The Royal Liver Building will not only serve as a symbol of our ambition but also as a strategic platform for expansion, innovation, and cultural engagement.”
