Kirkcaldy's Postings Shopping Centre is to be redeveloped as a new retail centre by new owners Evergold, a property development, management and maintenance firm.
The Postings was famously put up for auction with a reserve price of just £1, with Evergold Property paying £310,000.
Evergold has said that it will develop and rebrand the outlet as the Kirkcaldy Centre.
Evergold Property's Tahir Ali, said: "Our aim is to reposition and revitalise this centre to the benefit of the local community. There are some attractive units here with an existing footfall averaging 15,000 people per week and we are already in advanced discussions with various operators for the large unit formerly occupied by Tesco as well as entering into discussion with prospective tenants offering a range of goods and services that serve the local community."
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