Town’s shopping centre ‘for sale’



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

Published at 19:40 on 11 November 2015

 



Cumbernauld Shopping Centre. Picture: Scott Campbell for Cumbernauld Media.

CUMBERNAULD Shopping Centre is up for sale to a prospective buyer, Cumbernauld Media understands. 

Phase four of the town’s much maligned shopping mall complex is said to be up-for-sale from owners Coal Pension Properties Ltd.

Cumbernauld Media understands that the mall’s agents, LaSalle Investment Management are testing the water, and searching for a prospective purchaser of the centre.

The mall, which opened in 1996, as part of wider development by the Cumbernauld Development Corporation is said to come with a price tag of at least £5million, after a major £4million regeneration project, in 2004.

Improvement works seen a brand new glass entrance constructed at the mall’s east-facing front, in addition to the building of new canopies, car park repairs, white lining, and landscaping.

The overhaul of the mall’s dated décor also included work to replace the tiling on the floor, as well as the construction of a new ceiling, in addition to the refurbishment of the 70 store fronts in the mall.

The improvement programme meant that the centre picked up a Gold Medal at the Chartered Institute of Builders 2005 Awards.

Boasting retailers such as Argos, Home Bargains, JD Wetherspoon, New Look, Superdrug, and WHSmith the 111,797 sq ft mall is known to local residents as ‘phase 4’.
 

 
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