Frasers Group has acquired Frenchgate Shopping Centre in Doncaster as it continues to grow its real estate portfolio.
The 770,000sq ft shopping centre is located within the town centre, welcoming over 16m customers a year, and houses retailers such as Next, H&M and TK Maxx.
Frasers said the deal provides an opportunity to more than triple the size of its Sports Direct shop to over 35,000sq ft and introduce more of its brands – USC, Game and Evans Cycles – into the store.
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The group’s chief executive Michael Murray said: “The acquisition of Frenchgate Shopping Centre in Doncaster further demonstrates the group’s commitment to investing into brick-and-mortar.
“Acquiring property in key trading locations to unlock new opportunities for our retail and leisure businesses, such as Sports Direct, Everlast Gyms, Frasers and Flannels, is a key priority.
“We are committed to re-inventing retail and injecting new life into high streets across the UK to bring the very best brands, environment, and experience to customers across the country.”
It comes as Frasers is thought to be in talks to buy the Princesshay shopping centre in Exeter, which is a joint venture between US-based asset manager, Nuveen and the Crown Estate.
Nuveen put its 50% share in the development earlier this year, with a reported price tag of £40m.
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