Princes, one of the UK’s leading food and drink groups and since 2024 part of NewPrinces Group, formerly Newlat Food – the Italian company listed in Milan and majority owned by its founder Angelo Mastrolia – has announced the purchase of the historic Royal Liver Building (RLB) in Liverpool as part of a £60 million investment. 

This investment forms a key part of a broader £83 million real estate plan that also includes the Cross Green facility in Leeds (£23m), underlining the Group’s long-term commitment to the UK. 

This significant milestone underscores Princes’ commitment to its Liverpool roots, ensuring a bold and confident step in its long-term growth plan. 

The Grade-I listed Royal Liver Building stands as one of Liverpool’s most recognisable landmarks, symbolising the city’s maritime and cultural significance for over a century, representing resilience, pride and ambition – values that reflect the Groups ethos 

Princes traces its roots back to 1880 in Liverpool when ‘Simpson & Roberts & Co’ was established as an importer of canned food into the then thriving docks. In 1900 the business adopted the name Princes and the iconic brand has been a mainstay of British kitchens ever since.  

The Group plans to expand its presence within the Royal Liver Building using it not only as a corporate headquarters but also as a multi-purpose venue for events, collaboration and public engagement. Princes has confirmed that all operations and tenant arrangements at the Royal Liver Building will remain unchanged with colleagues and partners assured of no immediate modifications to the site 

By securing ownership of this iconic building – where Princes has been a tenant since 1982 and over 400 colleagues are based – Princes reinforces its deep connection to the city and its dedication to creating a stable and sustainable operating base for the future. Princes has also completed the £23 million acquisition of the Symington’s Cross Green site in Leeds, further embedding the Symington’s business, which Princes manages and operates, into its UK operations