The council declared itself effectively bankrupt in June 2023.
As a result, its leadership has agreed to market Victoria Square, Wolsey Place, Alexander House and the energy company ThamesWey Central Milton Keynes Ltd.
Victoria Square, including the Hilton Hotel, will be sold off. But the car parks will be split off and retained by the council.
Wolsey Place Shopping Centre, with Wolsey Walk residential units, Alexander House and Export House, and units owned by Victoria Square will be combined into another single entity to maximise value, according to the Local Democracy Reporting Service.
Roberts said: “We are looking at this point to sell the assets outright, but we may retain an interest if it’s in the borough’s best interest to do so.
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