The owners of East Kilbride Shopping Centre, the largest undercover shopping centre in Scotland, have entered administration.
Blair Nimmo and Alistair McAlinden of Interpath Advisory have been appointed joint administrators of Sapphire 15 and Sapphire 16, and will now “take steps to enhance the centre and consider the appropriate time to bring to the market”, according to a statement.
Sapphire owns East Kilbride Shopping Centre, which has more than 150 shops, several restaurants, a cinema and an ice rink. The centre will remain open.
Scoop AM has been appointed as asset manager with Reith Lambert retained as property manager.
Nimmo, chief executive at Interpath, said: “While the challenges facing the UK retail sector are well known, the East Kilbride Shopping Centre has remained a popular shopping and leisure destination, and continues to attract well-known names including the likes of Matalan, which opened its new store earlier this month.”
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