A busy shopping centre has appointed administrators.
James Fennessey, Colin Haig and Matthew Richards, who are partners with accountancy firm Azets, have been appointed joint administrators of Bridges Antonine LLP, the owner of the Antonine Shopping Centre in Cumbernauld.
The 200,000 sq ft centre, which was built in 2007, has an annual footfall of more than 3.5 million people.
Among the 42 retail units are big brands such as TK Maxx, Next, New Look and TJ Hughes.
The administrators were appointed to take control and will work with the centre's management team and property agents to sell it.
The business will operate as usual and all centre management employees will keep their jobs.
Commercial property agents will manage the sales process.
Fennessey said: “The Antonine Shopping Centre is one of Scotland’s leading regional shopping centres with a range of high-quality tenants and a very strong brand name across Central Scotland.
"The centre attracts a very high level of footfall.
“The contribution of the Antonine Shopping Centre to the economy of Central Scotland is significant and the centre is as much a social hub and focal point for the region as it is a retail centre.
"We would encourage interested parties to contact the administrators as soon as possible as we are keen to try and find a buyer promptly.”
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here