Frasers Group: property investment a “key focus” for the group
Frasers Group has said that property investment remains a “key focus” for the group, as acquisitions drive revenue growth.
The retail group’s property division recorded £13.9m of revenue for the 2025 financial year, a 19.1% year-on-year increase. This accounted for 1.8% of the wider group’s revenue.
This was bolstered by the annualisation of Frasers Groups’ prior year acquisitions – including Castleford shopping centres, as well as acquisitions made in the 2025 financial year including Doncaster’s Frenchgate, Exeter’s Princesshay, Maidstone’s Fremlin Walk, and Affinity outlets.
The group’s profit from trading within its property division increased by £5.0m, with additional rental income being partially offset by an £5.8m increase in operating costs.
Elsewhere in the group, retail revenue declined by 7.4% year-on-year. Frasers Groups said that continued sales growth from Sports Direct and the acquisition of Twinsport were more than offset by planned declines in Game UK, Studio Retail, the companies acquired from JD Sports and SportMaster in Denmark.
In addition, Frasers Group said the luxury market continued to be challenging but is now showing some early signs of improvement.
Michael Murray, chief executive of Frasers Group, said: “I’m pleased with our performance this year, despite the headwinds caused by last year’s Budget. We remain fully committed to our Elevation Strategy, which drove another record year of profitable growth and further delivery of our key priorities. We continued our strategy of confidently investing for the future, unlocking multiple opportunities for sustainable medium- to long-term growth.”
“We accelerated our international expansion, announcing partnerships in Australia, Asia and EMEA, to further build Sports Direct into a truly worldwide proposition. Our relationships with the world’s best global brands, including Nike, adidas and HUGO BOSS, are the strongest they have ever been, and our ambitious growth plans are now strengthening and scaling these partnerships even further.”
“We captured over £125m of synergies through strategic acquisition integrations and cost-savings, and continued to invest in real estate opportunities that deliver great value for the group”, he added.