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Frasers Group has acquired two major UK retail destinations, York Designer Outlet and East Midlands Designer Outlet, which it said reflects progress against the group’s vision of creating a “compelling brand ecosystem and platform for growth”.
With an annual footfall of almost 7.8 million visitors across the two outlets, the retailer said these acquisitions highlight Frasers Group’s position as both a landlord and retailer, supporting global brands’ outlet strategies “while delivering strong value and brand choice to UK consumers”.
York Designer Outlet is a 250,000 sq. ft space located just outside York city centre and is home to 120 UK and international brands, welcoming 4.3 million visitors annually.
Meanwhile, East Midlands Designer Outlet is a 170,000 sq. ft space positioned near the M1 motorway, offering over 65 designer brands and has a footfall of 3.5 million visitors annually.
Frasers said these acquisitions demonstrate its continued commitment to the outlet sector, enhancing the group’s property portfolio mix as it delivers against its Elevation Strategy.
Michael Murray, CEO at Frasers Group, said: “These strategic acquisitions reinforce our vision, leveraging strong partnerships with leading global brands to unlock mutual value – supporting their outlet strategies while driving growth. Today, we own over one-fifth of the UK outlet market and have a clear ambition to grow our share further.”
Frasers Group was advised by James Keany, executive director, head of national Agency at CBRE on the acquisitions.
