Fife’s biggest shopping centre sold as Luxembourg company makes first move into Scotland
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Jenny Gilruth MSP said she was anxious to meet with Focus Estate Fund after it bought out the Kingdom Centre in Glenrothes in its first acquisition in Scotland. The Luxembourg based company is a fund which specialises in buying “non-prime retail properties in Western and Central Europe” and has a team of investment professionals based in Poland, Czech Republic, Ukraine.
It recently entered the UK market after buying Island Green Retail Park in Wrexham, describing the acquisition as “a significant milestone.”
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Hide AdFocus Estate Fund bought the Kingdom Centre from with Mars Pension Trustees Ltd which has owned it since 2013.


The centre is home to big names such as Boots, Home Bargains, and Game as well as long standing independent traders such as Jessops Jewellers and Little Thistle Gift Shop - but it faces some big challenges including what to do with the former anchor Co-Op store in Albany Gate which has sat empty for years, and was due to be torn down in 2019.
Ms Gilruth, who is seeking an early meeting with the new owners, said: “The Kingdom Centre in Glenrothes is at the very heart of the community and, with new owners, there is a real opportunity here to breathe life back into the centre and bring a welcome boost to the local economy.
“I am writing to the new owners, Focus Estate Management, to request a meeting to discuss potential avenues for the site’s development and ensure that they play an active role engaging with the local community.”
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