Moorfields appointed Administrators over Glasgow Shopping Centre

Property Specialists Simon Thomas and Arron Kendall have been appointed Administrators over The Braes Shopping Centre in South East Glasgow.  

The shopping centre forms a key part of the established community centre in Castlemilk with over 50 shops, free parking and a selection of eateries.

Simon Thomas Joint Administrator “This is our 5th appointment over shopping centres in 2 months. Unfortunately, physical shops are continuing to suffer heavy competition from with online retailers as consumers make a fundamental shift to online shopping. However the shopping centre offers a central location with a good mixture of both highstreet and independent retailers.  

The shopping centre will continue to trade as normal whilst the administrators consider strategies to increase value prior to seeking a buyer.      

Interested parties should contact Lauren Wentworth. lwentworth@moorfieldscr.com or call 0207 186 1144 for further information.

 

For media enquiries, please contact:

Katie Smith

Tel: +44 (0)20 7186 1144

Email: ksmith@moorfieldscr.com

 

About Moorfields

Moorfields is one of the UK's leading independent firms of restructuring and insolvency specialists. Our highly skilled teams include restructuring professionals and licensed insolvency practitioners who provide leadership, experience and high quality advice to companies and their stakeholders in financially distressed situations.

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