US EditionFrasers Group Buys Swindon Designer Outlet Shopping Centre
Frasers Group plans to leverage Swindon Designer Outlet's 3 million annual visitors to support major brands and expand its retail footprint across the UK.
- On Tuesday, December 9, Frasers Group announced it bought Swindon Designer Outlet, expanding its UK retail portfolio.
- Earlier this year reports said Frasers Group was in talks to buy the Kemble Drive outlet for about £275 million, which LaSalle Investment Management has owned since 2022 and McArthurGlen Group managed.
- Swindon Designer Outlet houses brands such as Polo Ralph Lauren, Calvin Klein, Tommy Hilfiger, Reiss and Nike, and includes restaurants and a children's play area.
- Michael Murray, Frasers Group CEO, said the acquisition `reinforces our property strategy` and unlocks new opportunities for its brands and partners.
- The deal widens Frasers' UK footprint by adding Swindon Designer Outlet on the Grade II-listed former Great Western Railway Works, building on recent purchases including Princesshay, Fremlin Walk and The Olympus Centre.
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11 Articles
High street giant Frasers buys entire Swindon Designer Outlet shopping centre - The Mirror
One of Britain's biggest retailers Frasers Group - formerly known as Sports Direct - with a booming online arm, has bought another shopping centre, as it vows to "reinvigorate high streets"
Frasers Group purchases Swindon Designer Outlet
Frasers Group has snapped up Swindon Designer Outlet, as the business continues to grow its physical retail portfolio. The retail empire acquired the 250,000 sq ft shopping outlet from LaSalle Investment Management (LaSalle), which bought the site in January 2022. Frasers Group said that the acquisition represented a “meaningful step” towards its vision of “building the planet’s most admired and compelling brand ecosystem”. The firm was advised …
Frasers Group Acquires Swindon Designer Outlet To Support Expansion Strategy
Frasers Group plc (LON:FRAS) has announced the acquisition of Swindon Designer Outlet, marking a meaningful step towards achieving the Group’s vision of building the planet’s most admired and compelling brand ecosystem. Through acquisitions of strategic physical retail locations like Swindon, Frasers Group supports key brand partners’ outlet strategies – including Nike, adidas, BOSS – and aims to serve consumers across the UK with the best value…
Drapers
Frasers Group acquires Swindon Designer Outlet
Drapers Frasers Group acquires Swindon Designer Outlet Mike Ashley's Frasers Group has today (9 December) announced the acquisition of Swindon Designer Outlet.The post Frasers Group acquires Swindon Designer Outlet appeared first on Drapers.
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