Frasers Group has completed the acquisition of the 770,000 sq ft Frenchgate Shopping Centre in Doncaster for an undisclosed price.
The tenant mix at the centre, which is located in the heart of the South Yorkshire town, includes Next, H&M and TK Maxx.
Frasers Group intends to more than triple the size of the Sports Direct store at the Frenchgate to more than 35,000 sq ft, which will house brands from the group’s ecosystem, including USC, GAME and Evans Cycles.
Michael Murray, chief executive of Frasers Group, 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.”
Frasers Group was advised on the acquisition by CBRE.
