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SIC - Free Tyre Check - 22 Nov 2019

Business / Business as usual at Toll Clock after shopping centre is sold

Toll Clock Investments director Andrew Gibson and managing director Malcolm Younger with Bolts Shetland Ltd managing director George Sutherland and Toll Clock Investments director Dawn Sim.

THE TOLL Clock shopping centre at Grantfield has now officially changed hands for an undisclosed price after coming on the market in summer of last year.

New owners, Toll Clock Investments, said the shopping centre would continue to provide existing services to over 50 businesses while efforts are under way to broaden the centre’s attraction.

The directors of the new company are Malcolm Younger and Andrew Gibson, of Millgaet Media who operate offices and retail space from the centre, as well as Dawn Sim.

Bolts Shetland Ltd have retained ownership of their own retail stores including Bolts Minimarket, Toll Clock Toys and Bolts Homecomforts in addition to the top uppermost section of the shopping centre. 

The shopping centre was put on the market in August last year after one of the owners decided to retire from the business. The Toll Clock shopping centre first opened in 1988.

Sim said the combination of the Bolts Shetland Ltd owned sections with those now taken on by Toll Clock Investments would provide continued access to the complete shopping centre well into the future.

Younger, who acts as managing director of the new company, added: “Toll Clock is an established and popular centre, which is more than a shopping centre, with a broad range of facilities, shops and services to offer all under one roof whatever the weather. 

“We believe TCI’s plan for its future will further improve and enhance the facilities and shopping experience for the people of Shetland.” 

Gibson said he would engage with all tenants with a view to further “marketing and promoting the Toll Clock to enhance the message that shopping local is best”.