The Foyleside was being sold by London-based investment firm Kildare Partners.
The company recently sold Forestside shopping centre in south Belfast.
Donall McCann, speaking on behalf of the new owners, said they would work with “existing and new occupiers to further enhance the offering at Foyleside”.
Mr McCann is associated with investors who bought the Rushmere centre in Craigavon earlier this year.
Foyleside extends to approximately 365,000 sq ft.
It is arranged over four levels and is made up of 53 units, with Frasers, Marks & Spencer and Dunnes Stores being the main anchors.
The selling agents, Savills, say there are a number of opportunities that exist for the new owners to enhance the centre, including potential development of leisure, residential and office spaces.
Leisure uses include potentially developing a multi-screen cinema on the rooftop of the existing east car park.Tags: