![\"\"](\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/03\/Ocean-Terminal-interior.png\")
Ambassador Group has announced that it now has 100% ownership of Leith shopping centre Ocean Terminal after a refinancing arrangement and the ongoing backing of an institutional funder.<\/p>\n
It said significant investment, understood to be \u00a315m from US-based Fortress, will underpin a \u00a317m commitment to the reconfiguration of the mall and adjoining developments.<\/p>\n
Responding to reports that Ocean Terminal had been sold, a spokesman said: \u201cThe story circulating last week was wholly inaccurate.\u00a0Ambassador Group is 100% owner of Ocean Terminal.<\/p>\n
\u201cThe shopping centre has not been sold \u2013 nor has it been acquired by Fortress. It was a refinancing arrangement of debt, not a transfer of ownership of the centre.\u201d<\/p>\n
Works completed at Ocean Terminal include the demolition of the former multi-storey car park and Debenhams store, a new footbridge for The Royal Yacht Britannia and a new glass-fronted entrance.<\/p>\n
Sustainability upgrades include new EV charging stations in partnership with SSE and a site-wide transition to LED lighting \u2013 supporting a more energy-efficient operation.<\/p>\n
Chris Richardson, managing director of AIM, Ambassador Group\u2019s investment management division, said:\u00a0\u201cThe significant investment that has been made in the centre, combined with the long-term leases not only our existing tenants have committed to, but also new tenants coming in, reflects confidence in OT as a revived leisure, retail and community hub as well as Leith waterfront as a thriving destination.<\/p>\n \u201cOur newly-established ownership of the centre allows us to deliver on our ambitious vision, establishing OT as a vibrant, pedestrian-focused waterfront destination that brings together a significant new housing provision alongside the centre\u2019s leisure, community, F&B and retail spaces for everyone to enjoy.<\/p>\n \u201cWe are excited to lead this next chapter of growth and create a centre that truly anchors the Leith community and local economy.\u201d<\/p>\n The centre is currently anchored by a 12-screen Vue cinema, The Royal Yacht Britannia, Club 3000 Bingo, PureGym and a mix of retail and food & beverage brands. Tesco Express opened in 2025, while the NHS Vaccine Centre has operated from the site since 2020.<\/p>\n Amongst other developments, the immersive entertainment venue Gutterball is preparing to open before the summer.<\/p>\n \t <\/div>\n![\"Royal](\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/03\/Royal-Yacht-Britainnia-for-website.png\")