Frasers Group completes double acquisition of outlet centres
Frasers Group has continued to grow its property portfolio with the acquisition of York Designer Outlet and East Midlands Designer Outlet.
Spanning 250,000 sq ft, York Designer Outlet is home to 120 UK and international brands and welcomes around 4.3 million visitors annually. East Midlands Designer Outlet, located near the M1 Motorway, extends to 170,000 sq ft and hosts 65 brands with an annual footfall of 3.5 million.
Although an acquisition price was not disclosed, it was previously reported that the two schemes could be purchased for a combined fee of approximately £400m.
These reports come after Frasers Group acquired Swindon Designer Outlet last autumn. Situated within the historic Great Western Railway buildings in the centre of Swindon, the outlet centre extends to 250,000 sq ft and comprises 110 units.
Frasers Group has been one of the most acquisitive groups within the UK retail investment market over recent years. The group acquired Glasgow’s Braehead Shopping Centre in November 2025 and Waterfront Retail Park in Greenock in September.
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.”
CBRE acted for Frasers Group.