Deka, the German open-ended fund manager, has put St Enoch’s Shopping Centre in Glasgow on the market with a price tag of £250m.
FPDSavills and CB Richard Ellis have been appointed to sell the 705,000 sq ft centre, which provides 85 retail units over two floors.
The centre is the largest UK asset in Deka Immobilienfonds. It is being sold as the fund faces liquidation after Managing Director, Michael Koch, was fired over alleged financial irregularities.
Deka Immobilienfonds also includes the City headquarters of Lloyd’s of London, which has been on the market for £240m for the past year. The remaining three properties in the fund