Braehead shopping centre taken over after administration

Shopping complex had faced an uncertain future after going into administration in June.

One of Scotland’s biggest shopping centres has been saved from administration.

intu Braehead, in Renferewshire, faced an uncertain future after its owner failed to reach a financial agreement with its lenders in June.

The shopping centre, which boasts brands such as Apple, Next, River Island and Superdry as well as a sports and events arena, will now be run by Global Mutual and Savills.

It will still be called intu Braehead temporarily despite the change in management.

Peter Beagley, centre director, said: “Today is an important milestone for intu Braehead as we begin a new chapter under different management.

“We have a great team who have worked tirelessly over the past few months to enable the centre to reopen safely and continue delivering for our visitors and tenants.

“Now working together with the highly experienced teams at Global Mutual and Savills we have a lot to be excited about.”

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