A British based loan servicing group has appointed receivers to the company part-owned by Paddy McKillen Jnr which controls the Bray Central shopping and town centre site.
Wicklow County Council agreed to sell the property, formerly known as the Florentine site, to Navybrook Ltd for a reported €2.6 million in 2018.
It's understand that the current tenants are unaffected by the appointment of the receivers Kroll.
Penneys and Sports Direct were secured as anchor tenants during the summer alongside smaller shop operators, while its dining offering is led by Elephant & Castle and Wowburger.