Kirkcaldy shopping centre has new owner after sale concluded

The property was put up for auction by Columbia Threadneedle earlier this month with a £1 price tag – sparking huge media interest.

It eventually went under the hammer and sold for £310,000.

The purchaser, a west Yorkshire based property developer, had until last Friday to conclude the sale, and that has now been gone through.

The shopping centre’s discount price tag generated a lot of interest from potential buyers, but also shone a light on the decline of our town centre.

Auctioneers, Allsopp confirmed the sale had been concluded, but were not able to give any further information.