Cumbernauld Town Centre - Asset Management Services

Tender description

Cumbernauld is North Lanarkshire's largest town. It now has an opportunity to redefine itself as a '21st Century new town' and further develop its commercial, industrial and retail role as a sustainable, green and low-carbon regional hub. The Vision for Cumbernauld will be built around a transformed low-carbon town centre defining Cumbernauld as a hub for services, education, shopping and leisure, expressed by a new restructured mixed-use centre situated within a greenspace and parkland setting that supports active travel and leisure. The town centre will become a vibrant, mixed-use, welcoming, safe and resilient place where people are supported at all stages of their lives, where they can live and socialise and where businesses can thrive. To achieve the vision for Cumbernauld, the council completed the property acquisition of The Centre Cumbernauld (TCC) on 30 June 2023 from its previous owners. To enable TCC to continue operating as a viable shopping destination in the short term, the council was required to ensure that appropriate management arrangements were in situ prior to the purchase of TCC. The Asset Manager’s role is to optimise the commercial viability of TCC by actively managing the leases on behalf of the council.