Cumbernauld Town Centre value increases

Written by Scott Campbell, Cumbernauld Media's Senior Reporter.

Published at 19:32 on 11 November 2015


26-06-2013 - By Scott Campbell (+44) 0774 296 870 - Cumbernauld Town Centre; Picture shows Cumbernauld Town Centre, from outside North Bus Stop.
Cumbernauld Town Centre's worth is on the up. Pic: Scott Campbell/ Cumbernauld Media.

THE value of the UK’s first indoor shopping mall has dramatically increased, according to audited accounts submitted to Companies House, by the centre’s owners.

Hamcap (Cumbernauld) LLP, the owners of Cumbernauld Town Centre’s accounts show that between 2013 and 2014 the value of Cumbernauld’s much maligned shopping mall increased by almost 15 per cent.

Accounts from the company, posted on the Companies House website, confirm that the value of Cumbernauld town centre is within touching the £3.5million mark.

The new calculated worth of £3,450,000 comes after a valuation of the centre in 2013, which put the value of the mall at £3,006,413. 

Year-on-year, the difference between the figures means that the value of Cumbernauld Town Centre has risen £443,587 in 12 months, representing a 14.75% increase in the mall’s value.

The increased worth of the mall comes after Hamcap (Cumbernauld) LLP completed the purchase of the centre on June 26th 2013, after the centre’s former owners, CNC Investments entered administration in 2012. 

Hamcap (Cumbernauld) LLP have previously said that they remained committeed to a leisure-angle for the mall, though the centre has received a spate of bad publicity recently, most notably after the closure of Forth Walk. 

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