Published Tuesday, 29 October 2013
The centre said business will continue as usual. (© Pacemaker)
The shopping centre will remain open for business while administrators BDO look for a new buyer.
None of the 160 people employed at the centre are expected to lose their jobs.
On Tuesday, a spokesperson for the Diamond Centre said: "The Diamond Centre has been trading for 11 years and like most retail has been going through difficult times.
"The centre experienced closures outside of its control of UK national stores who had gone into administration.
"I trust that everyone in the Coleraine Borough and further afield will continue to support the Diamond Centre and that customer support is very much appreciated by all the staff."
It comes after the shopping centre's owner, Valto, went into administration on Friday.
They own a number of properties including the Diamond Centre, which is part of Bishopsgate Shopping Centres Ltd.
BDO said its appointment as administrator comes as part of a planned restructuring of the Valto groups' business activities.
A statement continued: "The joint administrative receivers are confident that there will be keen market interest in the portfolio."
© UTV News