Aberdeen Standard Investments has appointed agents Knight Frank to sell the Broadwalk Centre in Edgware.
Its understood that Knight Frank are looking for offers over £60m for the shopping centre.
The 190,000 sq ft shopping centre, which is anchored by Sainsbury and TK Maxx, is being marketed with scope for regeneration.
The existing owners have considered various options for the site ranging from a redevelopment of the existing car park – with retail units and around 1,000 homes – to a larger redevelopment of the entire site.
“This is a site offering huge potential and we would expect residential and mixed use developers to consider to consider it closely,” said Charlie Barke, partner at Knight Frank. “Rarely does a freehold site of this scale come up in such a strong location.”