Scotland business

St Enoch shopping centre in Glasgow put up for sale

St Enoch Centre
Image caption St Enoch Centre says it draws more than 19 million shoppers a year

St Enoch shopping centre in Glasgow has been put up for sale.

It is understood its Canadian owner, Ivanhoe Cambridge, has put a price tag of about £180m on the complex.

Ivanhoe reportedly paid almost £350m for the centre in 2005 in a joint venture with US firm Mills Corporation. A year later it acquired Mills' 50% stake to become full owner.

In 2010, 40 new retail spaces were added at St Enoch as part of a £150m redevelopment project.

The centre had been owned by the Church Commissioners and Sears Properties Limited until 1996 when it was sold to a German pension fund called Deka Immobillien for £160m, before being acquired nine years later by Ivanhoe Cambridge.

St Enoch says it attracts more than 19 million shoppers each year.

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