THE sale of the White Rose Shopping Centre has fallen through, after a £2.11million deal had been agreed last month.
Tenants at the centre were told in an email today (March 10) that the purchase was “cancelled at the last minute” on Thursday (March 6), as a result of “unexpected issues” arising.
Extracts from the email, seen by the Journal, added: “This means the provisions under TUPE (Transfer of Undertakings (Protection of Employment)) on the transfer of staff no longer apply, the management of the centre remains with Gatehouse Property Management, and the staff have not transferred.
“Instead, they will remain with their current employers on their existing terms and conditions.”
The White Rose was auctioned online via Allsop at 11am on February 6, with a guide price having been set of between £1.9m and £2m.
Despite this, it sold for £2.11m, but the buyer’s identity was not disclosed.
The shopping centre, on the town's High Street, was built in 1984 and is owned and managed by Landsec, a FTSE 100 company, who bought it ahead of auction in 2020.
The centre has been hit with closures in recent years, with Timpson closing its store in January.
The parties involved with the sale of the centre have been approached for further comment.
Gareth Davies, MS for Vale of Clwyd, said: “I’m deeply disappointed that the sale of Rhyl’s White Rose Shopping Centre has fallen through.
“This site has enormous potential to be a thriving hub for local businesses and shoppers alike, but it desperately needs investment and vision to bring it back to life.
“With its central location, accessibility, and car parking facilities, the White Rose Shopping Centre could be a key part of Rhyl’s regeneration. However, without the right investment, it risks becoming another wasted opportunity.
“I urge all stakeholders to redouble their efforts to attract new buyers who are willing to revitalise the centre and create a space that benefits businesses, residents, and visitors for years to come.”
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