The sale of a major Wiltshire shopping centre is threatening to delay a town's development plans.
The centre is expected to be sold for £125m
The Brunel Centre in Swindon is being sold as a going concern for an expected £125m.
It will be the fourth time the shopping centre has changed owners in just over three years.
Town centre manager Bernie Maguire said news of the sale was "disappointing" as it could hold up the planned regeneration of Swindon.
A statement by Brunel's owners confirmed: "The Wilmslow Partnership has decided to dispose of the Brunel Centre in Swindon following a strategic review of its portfolio. Further announcements will be made at the appropriate time."
Mr Macguire said improvements to the Brunel Centre featured high in Swindon's £125m town centre redevelopment plans.
"This is disappointing. We do see the Brunel Centre as one of the first stages in our plans. Now we have to look at another development.
"But I do not think it will make a difference to customers. We have had three different owners over the past three years and the customers do not seem to notice."
Swindon's development plans include a new shopping area with more than 100 new shops, a new multi-storey car park, new food complexes and a 10-screen cinema.
The development had been due for completion in 2007.