Silverburn was put up for sale after its parent company, owned by retail tycoon Paul Green, tumbled into receivership in September.
Hammerson, the UK property investment trust, has emerged as the winner in a bidding war for Silverburn the super-sized shopping centre on the south side of Glasgow, paying close to £300m in a joint venture with its partner Canadian Pension Plan.
Silverburn was put up for sale after its parent company, owned by retail tycoon Paul Green, tumbled into receivership in September.