THE new owners of Silverburn say the recent purchase is a “fantastic opportunity” to transform the centre into a leading shopping facility.

Eurofund Group, an international real estate investment and development company, and Henderson Park, a private equity real estate firm, have bought the Southside centre for £140 million.

It first opened in 2007 and has historically generated consistently high footfall of around 15 million people per year.

Ian Sandford, president of EuroFund Group, said: “We are pleased to have had the opportunity to co-invest in Silverburn along with our partners at Henderson Park.

“Silverburn represents a fantastic opportunity to take a good centre and transform it into the leading asset in its catchment.

“Eurofund’s vision is to utilise our team’s strong asset management and operational expertise to unlock latent value and reposition Silverburn as the leading retail, leisure and food and beverage destination in Scotland.”

Alberto Esguevillas, chief executive officer UK, added: “Scotland represents a particularly strong retail opportunity in the UK, with Glasgow recently being named one of the two most resilient retail destinations in the country.

“This is demonstrated in the strong interest we are seeing from retailers and brands wanting to expand or establish a presence in Silverburn.”