“We are pleased to be offering Anglia Square for sale on behalf of Colombia Threadneedle Investments. It has been a priority asset for Norwich for over two decades.”
The sale comes after Norwich City Council leader Mike Stonard said it would be “advantageous” if the site was in public hands.
Weston Homes said a decision by the former housing minister Robert Jenrick to overturn local planning consent for the scheme was the main factor in pulling out of the redevelopment.
In 2018, a scheme that included a 20-storey tower block, hotel and cinema was rejected by Mr Jenrick, who branded it “excessive”.
Columbia Threadneedle purchased the 11.4 acres shopping centre site for £7.5m in 2014.