No buyer yet for the Abbeygate

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THE ABBEYGATE Centre still remains on the market as its owners are continuing to search for a buyer or tenant.

Last November the Co-operative group, the owners of complex, confirmed they planned to sell the centre and dispose of it from its property list.

This put an end to rumours that the owners were desperate to sell the centre as units within the building lay empty.

At the time, the Co-operative group also confirmed that the Abbeygate was under offer from a potential buyer.

But it seems this is no longer the case as they are searching for a new buyer or tenant.

A short statement from the Co-operative group said: “It remains The Co-operative’s intention to sell or let the shopping centre but the property is not currently under offer.”

However, regardless of any sale or leasing of the centre, the Co-operative group confirmed their food store within the Abbeygate would continue to trade.

And any buyer of the centre could be poised to see another two units filled as work has begun on the former Clark’s Shoes and Card Factory stores.

It seems the units are being refitted inside with rumours suggesting that an electrical retailer is about to take on the shop.

They would join the likes of Poundland and Home Bargains which have also been welcomed to the Abbeygate in the past year, with both retailers taking on the former Co-operative food store.

However, one retailer in the complex facing an uncertain future is fashion retailer Peacocks.

The clothing chain has run into financial difficulties nationally and went into administration on Wednesday.

Staff at the Arbroath branch will have to wait and see if the Cardiff-based company can find investment or a buyer.

The retailer only opened its store in the town just over a year ago.

It currently fills the unit that housed Ethel Austin, another clothing retailer which itself became a victim of the economic downturn.