02-05-2025
Jobs at Scottish shopping centre to be axed as sale is sealed
The mall boasts big retailers such as M&S, Boots and JD Sports
WORKER WOES Jobs at Scottish shopping centre to be axed as sale is sealed
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OVER 20 jobs are set to be axed at a Scottish shopping centre after the sale of the building was sealed.
The Kingsgate Shopping Centre in Dunfermline, Fife, has been bought for £35million by Northdale Asset Management.
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Over 20 jobs at the Kingsgate Shopping Centre are set to be axed
The London-based property investment company confirmed earlier this year that a deal had been struck to buy the Scots mall, along with two other sites in King's Lynn and Loughborough.
The Dunfermline Press reported that around 23 workers are being made redundant following the sale.
But some workers have been told they may be able to reapply for their old jobs.
Gatehouse Property Management will run the Kingsgate on behalf of the London-based firm.
Stephen Hill, director of property and asset management, said: "The sale of Kingsgate Shopping Centre is due to conclude on Wednesday and at the same time all supplier contracts will come to an end.
"Gatehouse Property Management has been appointed to manage the centre on behalf of the purchaser and there may be new opportunities for some of the current staff if they are not retained by their existing employer."
Northdale Asset Management confirmed that security and cleaning staff were employed by contractors and not by the centre.
The Kingsgate Shopping Centre is at the heart of Dunfermline and welcomes around 100,000 people on a weekly basis.
The mall boasts big retailers such as M&S, Boots, New Look, JD Sports and B&M to name a few.
However, the centre is still without a vendor in its main anchor retail space.
Three iconic retailers file for bankruptcy in shopping bloodbath – and liquidation sales have already started
Debenhams closed its doors in February 2021 after the company plunged into administration.
The three-floor unit has been empty since then.
