Aberdeen Retail 1 and Aberdeen Retail 2, the Guernsey-based owners and operators of the Bon Accord shopping centre in Aberdeen, have been placed into administration.
This has been caused by unsustainable cash flow problems stemming from the on-going impact of the pandemic, as well as rising operational costs and intense retail competition.
The centre, which was built in 1990, extends to two main buildings on George Street and Union Street.
