IN BRIEF: Frasers buys designer outlets in York and East Midlands

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Frasers Group PLC - Shirebrook, England-based owner of Sports Direct, Flannels and Frasers retail chains - Acquires two retail destinations in the UK as part of its property strategy to invest in the outlet sector. Buys York Designer Outlet, a 250,000 square foot retail centre with 120 brands just outside York city centre, and East Midlands Designer Outlet, a 170,000 square foot centre with 65 brands near the M1 motorway. Provides no financial details for the two purchases.

‘These strategic acquisitions reinforce our vision, leveraging strong partnerships with leading global brands to unlock mutual value - supporting their outlet strategies while driving growth,’ says Chief Executive Officer Michael Murray. ‘Today, we own over one-fifth of the UK outlet market and have a clear ambition to grow our share further.’

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