SCOTLAND’S largest shopping centre has collapsed into administration just weeks before Christmas. The owner of EK, in East Kilbride, South Lanarkshire, has become insolvent, appointing admini…
SCOTLAND'S largest shopping centre has collapsed into administration just weeks before Christmas.
The owner of EK, in East Kilbride, South Lanarkshire, has become insolvent, appointing administrators on Wednesday.The administrators from Interpath Advisory said the centre would remain open.A statement on the shopping centre's website said: "Alistair McAlinden and Blair Nimmo were appointed as Joint Administrators of Sapphire 15 s.a.r.l. and Sapphire 16 s.a.r.l. on 16 November 2022.
"The companies continue to trade as East Kilbride Shopping Centre and Reith Lambert continue to act as managing agents.EK is described as "the largest undercover shopping and leisure destination in Scotland".Interpath Advisory said that they will work with key stakeholders and advisors over the coming months to "take steps to enhance the centre and consider the appropriate time to bring to the market".
Interpath chief executive Blair Nimmo said: "While the challenges facing the UK retail sector are well known, the East Kilbride Shopping Centre has remained a popular shopping and leisure destination, and continues to attract well-known names including the likes of Matalan which opened its new store earlier this month."
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