THE Postings Shopping Centre in Kirkcaldy is set for a new lease of life after being purchased for £310,000 by Evergold.
The centre was put up for auction by pension fund Columbia Threadneedle with a reserve price of only £1. It has been bought by Evergold, a property development, asset management and property maintenance firm, which plans to develop and rebrand the outlet as the Kirkcaldy Centre.
Tahir Ali at Evergold Property explained, “With over 20 years’ experience within the commercial and residential property sector, the Evergold team has a wealth of experience in all aspects of property development. We are all about adding value to properties, communities and masterplanning sites to ensure the most productive outcomes can be achieved for the local authorities and other partners that we work alongside.
“Our aim is to reposition and revitalise this centre to the benefit of the local community. There are some attractive units here with an existing footfall averaging 15,000 people per week and we are already in advanced discussions with various operators for the large unit formerly occupied by Tesco as well as entering into discussion with prospective tenants offering a range of goods and services that serve the local community.”
The Kirkcaldy Centre is situated on a three acre site. Comprising 21 shop units and a 304-space car park, tenants include Farmfoods, Lloyds Pharmacy, Stephens Bakers and Fife Council.
Evergold Property has instructed Shepherd Chartered Surveyors to offer 14 vacant shop units of varying sizes.
Bilal Ashraf, commercial surveyor in the Dunfermline office of Shepherd Chartered Surveyors said, “The new owner has brought a fresh new vision to this centre and we are actively seeking to secure tenants for the vacant units to help revitalise the retail offering in Kirkcaldy city centre. The new owner understands the challenges ahead and, with his vision and our expertise in the local and national markets, I am certain we can work together to make the Kirkcaldy Centre a great success.”