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Frasers owner makes £50m bid for Leeds shopping centre

Junction 32 was put up for sale over the winter as, according to Landsec CEO Mark Allan, the property does not have a ‘sustainable competitive advantage’

Mike Ashley, the owner of Frasers Group, has bid almost £50m to acquire Junction 32 off the M62 near Castleford, on the outskirts of Leeds, in his latest foray into the world of retail property, The Times has reported. 

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