Mike Ashley considers Meadowhall shopping centre bid
Meadowhall is the fifth largest shopping centre in the UK and has approximately 24 million visitors per year
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Mike Ashley is reportedly considering a bid to acquire Meadowhall shopping centre in Sheffield, according to The Times.
Frasers Group, majority owned by Ashley, is “one of a handful of parties” that have registered an interest in the shopping centre.
British Land and Norges Bank put the 1.4m sq ft Meadowhall up for sale last year with a reported asking price of £750m.
Should Frasers acquire the site it would follow its purchases ofThe Mall shopping centre in Luton for £58m and the Overgate Centre in Dundee for £30m last year.
Meadowhall is the fifth largest shopping centre in the UK and has approximately 24 million visitors per year.
This news follows Fraser’s recent acquisition of Matches in a deal worth around £52m.
The company purchased 100% of the shares of a group of six companies, as well as the acquisition of the senior and junior debt owed by those companies.
The deal will be settled in cash at completion from Frasers’ existing cash reserves and facilities.
