The Bon Accord Centre in Aberdeen has been sold to EP Properties, led by Zakir Issa - brother of EG Group bosses Mohsin and Zuber Issa, who own Asda.
The value of the deal was not disclosed, but it is understood that the shopping centre changed hands for less than £10m.
The city centre mall, which was owned and operated by two Guernsey-based companies, fell into administration last August.
