Latest news with #GatehousePropertyManagement
The Courier
30-04-2025
- Business
- The Courier
Dunfermline shopping centre staff told to reapply for jobs
More than 20 jobs at Dunfermline's Kingsgate Shopping Centre will be lost as the sale of the building sets to be finalised on Thursday. Staff have been told they can reapply for 'some' of their old positions which will open after the purchase completes. Kingsgate is being bought by Northdale Asset Management, who paid £35 million for it, along with other malls in King's Lynn and Loughborough in England. The centre is still without a vendor for its largest flagship store left empty after Debenhams plunged into administration in 2021. Kingsgate has a floorspace of 309,000 square feet. And on average around 100,000 people walk through the centre on a weekly basis. It currently has a M&S and B&M stores, and other retailers including Boots, New Look, River Island, JD Sports and The Entertainer. Northdale announced it was buying the centre just before Christmas last year. Gatehouse Property Management will run the Kingsgate on behalf of the London-based firm. A spokesperson for Gatehouse Property Management said: 'The sale of Kingsgate Shopping Centre is due to conclude tomorrow (Thursday) and at the same time all supplier contracts will come to an end. 'Gatehouse Property Management has been appointed to manage the centre on behalf of the purchaser and there may be new opportunities for some of the current staff if they are not retained by their existing employer.' Debenhams closed in February 2021, leaving the Kingsgate's main anchor retail space empty. So far, no one has taken over the three-floor retail unit. The unit, just a few doors along from the Kingsgate entrance to M&S, is seen as a prime location within the shopping centre. However, it has been used for one-off events like a Nerf battle. Dundee's empty Debenhams unit will soon reopen as a Frasers, after an extensive refit. And when rent-to-buy specialist BrightHouse collapsed in March 2020, its Dunfermline shop in the Kingsgate closed soon after. The unit is also being marketed for an annual rent of £45,000. Also, the former Intersport unit which became a temporary Covid vaccine hub, is also up for rent in the Kingsgate.
The National
30-04-2025
- Business
- The National
Job cuts confirmed as sale of Scottish shopping centre concludes
Northdale Asset Management, a London-based property investment company, confirmed earlier this year that a deal to buy the centre – along with two other malls in King's Lynn and Loughborough, had been struck. The Dunfermline Press reported that around 23 workers are being made redundant as a result of changes being implemented while workers have been told that they may have the option to reapply for their old jobs. Stephen Hill, director of property and asset management at Gatehouse Property Management, confirmed they would be taking over services at the centre. "The sale of Kingsgate Shopping Centre is due to conclude on Wednesday and at the same time all supplier contracts will come to an end," he said. "Gatehouse Property Management has been appointed to manage the centre on behalf of the purchaser and there may be new opportunities for some of the current staff if they are not retained by their existing employer." Northdale Asset Management confirmed that all security and cleaning staff were employed by contractors not the centre, adding: "We have no further comment to make."
