A major Yorkshire shopping centre has new owners.
Frasers Group plc has bought the York Designer Outlet from Aviva Investors.
Fraser Group plc is the retail and property conglomerate behind Sports Direct and the House of Fraser and was founded by Mike Ashley in 1982.
The deal, announced today, also includes Fraser Group Plc also buying the East Midlands Designer Outlet.
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The exterior of York Designer Outlet (Image: Pic supplied)
The company says the move reflects progress in extending its range of brands both as a landlord and retailer.
The 250,000 sq ft York Designer Outlet at Fulford is home to 120 leading UK and international brands and welcomes 4.3 million visitors annually.
The 170,000 sq ft East Midlands Designer Outlet, positioned near the M1 motorway, offers over 65 designer brands and has a footfall of 3.5 million visitors annually.
Michael Murray, Chief Executive Officer 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.”
The sale price of the property, run by McArthurGlen, as managing agents has not been disclosed.