Cumbernauld's Antonine Shopping Centre collapses into administration

Buyers are being sought for the major retail site home to TK Maxx, Next and TJ Hughes.

Cumbernauld’s Antonine Shopping Centre collapses into administration Azets

The Antonine Shopping Centre in Cumbernauld has entered administration.

Shopping centre owners Bridges Antonine LLP appointed the administrators for the site, which was built in 2007.

Accountancy firm Azets has appointed partners James Fennessey, Colin Haig and Mathew Richards as joint administrators.

Calls for a potential buyer have been made along with assurances that it will remain “business as usual”.

Administrators saidCentre management employees will be retained while a buyer is sought.

Antonine Shopping Centre in Cumbernauld

The centre, which extends to 200,000 sq ft with 42 retail units and nearly 1,100 car park spaces, hosts a range of shops and cafes.

TK Maxx, Next and TJ Hughes are some of the main tenants within the space which brings in an annual footfall of over 3.5 million people.

It comes after councillors approved plans last year to demolish and redevelop the site of Cumbernauld’s The Centre which is nearby to the Antonine Centre.

Built in 1967, the building lost a bid to achieve listed status after a member of the public applied for the building to get recognition.

James Fennessey, restructuring partner with Azets, said: “The Antonine Shopping Centre is one of Scotland’s leading regional shopping centres with a range of high-quality tenants and a very strong brand name across Central Scotland. The centre attracts a very high level of footfall.

“The contribution of the Antonine Shopping Centre to the economy of central Scotland is significant and the centre is as much a social hub and focal point for the region as it is a retail centre. 

“We would encourage interested parties to contact the administrators as soon as possible as we are keen to try and find a buyer promptly.”

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