Dundee’s Wellgate Shopping centre sold for £1.4m
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The Wellgate Shopping Centre in Dundee was sold to a private investor for £1.4 million on Monday.
The Wellgate has 76 retail units situated across three floors and a 583-space multi-storey car park.
The identity of the investor cannot be disclosed for legal reasons, however auctioneers Acuitus said the bidding process was “prolonged and heated”.
Mhairi Archibald from Acuitus Scotland said: “After a prolonged and heated bidding process, we are delighted with the result of today’s sale, demonstrating the demand for Scottish retail in prime locations.”
The centre sold for almost triple its guide price of £500,000, STV News reports.
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