ABERDEEN’S Trinity Centre has been sold to a “local buyer” nine months after being put on the market.
The Union Street institution has fallen on hard times in recent years, with the closure of Debenhams leaving a major gap in the mall.
Subscribe to our daily newsletter
Why? Free to subscribe, no paywall, daily business news digest.
However, the P&J reports this morning that a new buyer has been found. It is understood that the selling price is little over £1million.
Trinity Centre general manager Linda Stewart this week told traders that the site has been officially sold.
In communication seen by the Press and Journal, she said she was “pleased to announce” the site had come under new ownership as of July 1.
While details of the new owner remain unclear, the boss said she was “looking forward to the new owner’s vision for the centre”.
She added: “We are delighted to now be owned by a local company, and look forward to a very prosperous future under their leadership.”
Sheridan Keane confirmed the sale. While the firm was unable to confirm details, they hinted it would be “positive news for Aberdeen”.
The Trinity Centre measures 182,377sqft, and was sold by retail property investment manager Ellandi, on behalf of Austrian bank Bawag.
